Businesses that want to secure their societal and regulatory ‘licence to operate’ need to transition their products and practices to a sustainability-first model.
For financial services companies, a client-focussed strategy is the clearest path to transformation. Businesses will be judged on how effectively they enable their clients to meet the sustainability challenge. A world where capital is more sensitive to ESG profiles and ratings, means providing products and insights that reduce ESG risks while amplifying the competitive advantage of broad sustainability, to the point where sustainability becomes the only rational goal. In doing so financial services providers should seek to institutionalise their own sustainability mindset: that means building capabilities, data resources and products that customers, regulators and investors are certain to demand.
The path to sustainability in products and services:
Review your appetite and need for ESG-related products and services, then reset strategy and targets.
Align transaction processes and products with recognised best practices for sustainable finance.
Building an assurance process for ESG products and services.
Building Blocks for Framing your Climate Risk Appetite
Reflecting a strong Link with your Climate Change Strategy
Learning by doing
Climate risk & your 2021 ICAAP
Episode 14: The financial risks from climate change
The latest thinking in the financial sector on preparing for climate chang
The three forces related to regulation and society
New societal and regulatory expectations will reshape capital markets
Examining the loan market
Ten take-home points for Banks and Insurers
The PRA’s Dear CEO letter on managing climate-related financial risks
Climate-related financial risks
Turning aspiration into action
Saint or sinner?
3 questions Investment Managers need to consider when developing their ESG proposition