Thought leadership for financial services: Sustainable finance
Financial services: Sustainable finance
As sustainability issues evolve, the financial industry must now reconsider its strategy, activities, and investments. To be effective, it requires an approach that identifies and manages risks and opportunities across the value chain.
Increasing recognition that environmental, social and governance (ESG) risks jeopardize the world’s economies and financial systems requires financial institutions to find ways and develop methodologies to examine and manage evolving risks. And in response to shifting expectations from markets and consumer preferences and behaviors, financial institutions are expected to invest capital in ways that consider the need to preserve the natural environment and advance society’s long-term interests. As a result, financial institutions need to develop new products and services and integrate ESG factors into existing and new offerings.
As with every corporate organization, the financial industry is expected to maximize the positive environmental and social impacts of their operations and investments.
Featured sustainable finance insights
 | The Federal Reserve Board consults on climate-related financial risk management for large banking organizations The principles proposed by the Fed are aligned with proposals by the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) published in December 2021 and March 2022, respectively. This was to promote consistency in supervision and provide clear guidance around this topic. |
 | The SEC’s Proposed Rule on Climate-Related Disclosures and Emissions The proposed climate-related disclosure framework would require a domestic or foreign registrant to include certain climate-related information in its registration statements and periodic reports. |
Fit for tomorrow: ESG and sustainability
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| There's an increased focus on the green aspects of finance. Businesses need to shift the paradigm to become greener, more responsible, and more sustainable. Are you prepared? Leaders at Mazars explain this shift, that goes beyond greenness to assess the soundness and stability of the financial system. Watch now to learn why the system needs to understand and withstand the new risks posed by climate and ESG. |
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| The importance of sustainability in business growing. Developing a new or revised sustainability strategy is a top priority for C-suite leaders, just marginally behind technology transformation. For many organizations, this means an increased emphasis on environmental, social and governance. Leaders at Mazars have found that today’s regulators, investors, clients, consumers and employees expect a solid ESG strategy, transparency and proof of progress. |
Sustainability practices stocktake: How banks and insurers have progressedFinancial institutions have a leading role to play in shaping our sustainable future, and a strong need to reboot and shift to a more responsible finance model. As a core component of the economy, they bear the responsibility of upholding rigor and resilience in their risk management. With time running out to achieve a move towards nature-positive outcomes, what sustainability progress have banks and insurers made? Mazars’ latest global report helps to answer this question. Using insights gained from more than 400 senior executives in banks and insurers across Europe, North America, Latin America, Asia-Pacific, Africa and the Middle East, and from Mazars’ experts, this report details where financial institutions stand today in their progression towards more sustainable practices, and identifies the significant sustainability-related knowledge gaps that still exist in this sector. |
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ESG: Where are you on the journey?As environmental, social and governance (ESG) issues rise in global importance and increasingly dominate the business narrative, the Mazars report ESG: Where are you on the journey? sets out choices and pathways for companies of all sizes and sectors as they look to embark on the transition to a more sustainable business model. Our report looks at key insights from business leaders around the world, along with guidance from our sector experts, to support you to navigate through challenges and capture opportunities.
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Ready to start your sustainability journey?
At Mazars, we have experience in supporting the financial sector to navigate complex risks, make the most of emerging opportunities in the transition towards a sustainable future, adhere to sustainability principles, and respond to regulatory expectations. We have professionals who offer a unique combination of sustainability, governance, and risk management expertise. Contact us today.