ESG, or Environmental, Social, and Governance, is no longer a mere buzz word in the Banking and Financial Services (BFS) sector. Regulators, both at national and international levels, are constantly attempting to widen the scope of regulatory oversight on ESG parameters. Due to heightened scrutiny from clients, employees, investors, and other market participants on environmental and social sustainability goals, BFS entities are making significant investments to enable sustainable business operations and present a strong ESG value proposition. However, several small and mid-tier organizations are yet to tighten their ESG strategies and assess the risk impact.

In this research, we discuss ESG implementation across buyer segments in the banking sector, including large banks, mid-tier banks, AMCs, non-banks, and FinTechs. We also explore the evolution of ESG in the near future and its implications for BFS buyers. The report recommends Everest Group’s four-step toolkit for enterprises, especially those at the beginning of their ESG transformation journeys, to optimize their business processes amid an increasing focus on sustainability.

Scope

Industry: BFS

Geography: global

Contents

• Review the ESG disclosure regulations landscape across key regions worldwide
• Examine the implications of a growing ESG focus for different buyers in areas such as ESG due diligence, screening, portfolio evaluation, self-reporting, and strategy formulation
• Describe the ESG provider ecosystem, including BPO providers, professional services firms, data providers, and specialists
• Provide a roadmap for enterprises to future-proof their ESG strategies

Membership (s)

Banking and Financial Services Business Process

Mortgage Operations

Sourcing and Vendor Management