Sustainability is now a top priority for financial institutions and is fast becoming a part of their corporate strategy, demanding the attention of CEOs and boards. In response to the increasing demand for sustainability and environmental, social and governance (ESG) action from various stakeholders, financial institutions are laying down a corporate purpose and spelling out its role in decision-making.The OpportunityThe Paris Agreement stipulates that nations make finance flows consistent with a pathway toward low greenhouse gas emissions and climate-resilient development[1]. Consequently, the onus is on financial institutions to enable a sustainable transition to a greener economy by incorporating sustainability goals into their business strategies. In fact, the industry has already made a start; all large financial institutions have committed to achieve net-zero emissions and decarbonize their finance portfolios through transparent reporting of financed emissions. To read this article in full, please click her
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