Financial services organizations face a growing imperative to be more sustainable. With evolving regulatory requirements and client demands for more transparency about environmental, societal and governance (ESG) initiatives, they have an important journey ahead.
The European Commission’s action plan for financing sustainable growth and the Sustainable Finance Disclosure Regulation (SFDR), effective March 2021, are a driving force. To meet the new reporting requirements, organizations must disclose their sustainability risk and remuneration policies, and adverse sustainability impacts.
One global financial institution realized that the new requirements presented it with an opportunity to embed sustainability throughout the business. It enlisted Accenture’s help to implement the new reporting, meet client expectations and enhance its advisory and investment management processes to better reflect its sustainability focus.