It has been an exhausting yet exhilarating multiyear sprint for bank management teams and boards, now being lauded as industry leaders on environmental, social and governance (ESG) reporting.
But hard work remains. ESG considerations can impact how the board conducts oversight; how it’s comprised; what disclosures are made, and how information is communicated.
Boards that thoughtfully assess the need for sweeping change may create a rewarding legacy. Today’s changes could put in place the systems that eventually answer society’s pressing ESG questions.