So, as a lender, you’ve committed to disclosing your environmental and social data. You’ve made public announcements, introduced internal policies, signed up to industry initiatives and started reporting your non-financial information. But do your efforts actually make a difference? Do investors — and the public — see you as a more solid, more sustainable institution?
The answer is not clear. Rating agency Scope sieved through the sustainability disclosures of 40 large banks in Europe — the region that should be at the top of the environmental, social and governance (ESG) game — and its findings paint a confusing picture.
