Whitepaper
The ESG challenge in banking is real — and massive

However, intertwined with the focus on sustainability is the ever-present spectre of risk. Climate change and social factors are big and unpredictable forces that can harm companies' assets and reputation. Customers and investors are placing greater importance on these issues. I.e., risk management, sustainability report, and ESG performance.

Hence, the journey of ESG reporting presents financial institutions with a complex and daunting task. The initial obstacle lies in determining the precise location and approach to commence, which is precisely the challenge that this whitepaper aims to tackle.

It unpacks the three elements essential to building solid ESG foundations in the financial sector:

1. An ESG data platform
   Multiple dimensions, including external data, can apply the measurement of ESG transformation. These dimensions encompass activities financed as well as products and services obtained through the supply chain.
   
   
2. Green IT 
   IT systems and digitization are important for the finance sector, but they also use a lot of energy. This is a double-edged sword for the sector's ESG transformation.  
   
   
3. An integrated delivery plan 
   Balancing top-down and bottom-up action for institution-wide understanding, buy-in, momentum, and adaptation. Clarifying priorities and areas for maximum impact, from top-level strategy through to daily interactions across customers, products, and suppliers.