Environmental social and governance forces make it an imperative for the financial and professional services to transform
The financial industry is one of the UK’s largest contributors to the climate crisis, if the City were its own country, it would outrank Germany as the ninth largest emitter of CO2 in the world. The calls for sustainability action from within the financial and professional services sector, from both internal and external stakeholders, as well as regulators, are understandably getting louder. Organisations must act now or risk becoming an outlier.
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Finance and professional services
Grappling with complex sustainability issues in the financial and professional services sector
Integrating environmental social and governance (ESG) strategies – specifically climate change risk – have risen to the top of the agenda for the financial sector – with even more heightened urgency due to mandatory disclosure, in the form of TCFD and government legalisation.
Investment professionals, asset managers, c-suite business leaders, treasurers, investor relations and finance teams are grappling with many complex sustainability issues, from climate change risk and disclosure to green finance opportunities.
Some will choose to lead on ESG issues and try to stay ahead of competitors and regulators, and some will choose to be fast followers, but it’s critical that each organisation develops a coherent long-term strategy to meet its goals. The goalposts are constantly moving, what was market leading in your long term planning a few years ago may now only be enough to comply with new and emerging regulation.
Client success Stories
Bunzl, the leading FTSE 100 company and global distributor defines its strategic sustainability framework for action.
We have been working with a leading bank based in the heart of London on ISO 14001 compliance and waste management support for the past 6 years.
Global staffing business SThree have set out on a sustainability journey to truly understand how climate change would affect their business and the STEM markets in which they operate.
UNRAVELLING THE ESG ECOSYSTEM
ESG principles are rapidly moving from simple compliance requirements to legal standards, and are now a vital tool for every business, investor, asset manager and insurer uses to drive performance.
Our ESG guide aims to shine a light on this ecosystem - who is who, and exactly what companies should prioritise as they navigate the ESG reporting requirements.
Download our guide for expert insights on ESG disclosure.
In November 2020, the UK announced that reporting in line with the recommendations of the TCFD will become mandatory by 2025 across the economy, with premium listed companies expected to comply by the end of this year.
Download our guide for expert insights on TCFD disclosure.
Finance and Professional Services
With a financial and professional specialist sustainability team, Avieco is well placed to support your business, your impact, and your sustainability challenges, to help you identify what really matters to you in your journey to becoming sustainable.
more than a word.