The report highlights the urgent need for financial institutions to take action to protect the environment. ESG performance, which measures an institution's Environmental and Social impact, as well as its Governance practices, is a powerful tool for financial institutions to evaluate and communicate their sustainability commitments. However, fully integrating ESG performance considerations into their processes is a challenge. Despite this, momentum has been growing since the Paris Agreement, placing financial institutions at the heart of the transformation towards a more sustainable economy.
