Banks' ethics push seen as good for bottom line

EU non-financial reporting rules expected to push firms to consider ESG concerns

Banks are trying to mend their ways, say ESG specialists

Banks are paying increasing attention to environmental, social and governance (ESG) issues amid new European Union rules – a focus that should have a positive impact on their risk management and financial performance, say ESG specialists.

"Besides using the traditional governance metrics that you can find in the sector, such as remuneration, board independence, internal control and compliance, more and more banks are integrating environmental and socially specific issues into their risk