How Can Banks Sobe Affect Their Lending?

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Banks have the power of basically establishing what is the sustain ability strategy for the bank. Of course, a bank that intends to become more sustainable doesn't mean their going to put solar panels on the roof of their branch or somewhere. It means looking at their landing portfolio, or their portfolio in general, and seeing where they can green their portfolio help their clients. And i think that is where banks have the biggest impact.

In this episode of the ESG Insider podcast, we explore the evolving role of the Chief Sustainability Offer, which is taking on greater importance in many organizations as awareness of environmental, social and governance issues grows.

In many companies, the CSO is now working in tandem with Chief Executives and Chief Financial Officers. Often CSOs act as the "glue" embedding sustainability throughout company strategy and across different departments, Francesca Messini tells us in the episode. Francesca is a sustainability leader at audit, consulting and advisory firm Deloitte and an author behind a new report about the rise of CSOs in the European banking industry. The report was jointly published in June 2022 by Deloitte and the European Banking Federation, a trade group.

"The Chief Sustainability Officer is not anymore a 'nice-to-have' role, but is a 'must have,' and has been proved to be essential to steer the sustainability strategy and the commitments that the banks are taking," Francesca says.

We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall (lindsey.hall@spglobal.com) and Esther Whieldon (esther.whieldon@spglobal.com).

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