How much do European banks need to do in terms of ESG?

The need for Europe’s banks to take action on ESG is obvious. They have recognized that the consideration of environmental, social and governance factors – known as ESG factors – is now just as important for their reputation as stable business figures.

We asked banks across Europe to take part in our study to assess their status quo regarding ESG. The answers of the surveyed institutions reflect a subjective perception of their ESG efforts.

They paint a picture of how “ESG-ready” the banks consider themselves to be, what measures they have considered important so far, what development patterns and differences exist between bank types and financial centers – and what major challenges the industry is preparing for.