Chart of the day
ESG uncertainties
Data from SaaS technology platform Fenergo found that only ten percent of financial institutions (FIs) consider themselves as fully prepared to meet their ESG obligations. A further 50 percent of FIs are categorised as being “somewhat prepared” to meet their ESG obligations, while 40 percent are “poorly prepared.”
As sustainability standards and guidelines take prominence globally, it’s clear that FIs are finding it difficult to translate the ESG rhetoric into actionable strategies.