While some frontrunners already recognized the importance of sustainability decades ago—due to their geographical exposure or deep belief in a new way of business—in the last few years, banks have seen no choice but to engage on sustainability. Whether sustainability veterans or newbies, institutions of the banking sector must up their game to stay ahead of the pack.
External factors like international commitments and regulations have contributed to this mindset shift. Going forward, the surge of sustainability regulations is not expected to recede—instead, it will continue to challenge banks and require their participation to achieve ambitious sustainability objectives.
