ESG Alert: As Sustainability Regulations Become Stricter, Can Banks Keep Up?
· Only 47% of banking leaders regularly refresh risk mitigation plans to address potential disruptions.
· Procurement professionals can significantly help financial institutions boost ESG compliance, through tools and digital business networks to collect data from suppliers, and develop new reporting and measurement capabilities.
· Digital business networks can connect with suppliers across multiple supply chain tiers, design their ESG policies in alignment with the bank’s corporate governance, and help prove the commitment of the bank towards its ESG mission with utmost transparency.
Access article: Forbes