Thursday, June 20, 2024

European banks struggle to put ESG strategy into practice


As sustainability climbs higher up the financial agenda, a new Mobiquity study has revealed how banks across Europe are struggling with taking concrete steps for a greener future.

European digital transformation consultancy Mobiquity surveyed 300 banking executives – at large incumbents and smaller challengers – across the UK, Netherlands and Germany. Pressure to go green in finance is palpably mounting in Europe and around the world, and the researchers sought insight into how the higher-ups at financial institutions are treating this shift. 

Awareness is scarcely an issue: roughly 80% of banking executives are conscious of the sustainability challenges facing banking in the new normal. As pointed out by Mobiquity’s senior director for digital banking Howard Moore, the last year has only served to intensify this consciousness. Read more

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