Due to the increase in demand and the growing pressure from authorities to consider ESG aspects when making lending and investment choices, ESG has been a top focus for banks in recent years.
By adopting standardised reporting frameworks, including ESG data into their internal systems and processes, as well as evaluating and updating their data sources to keep up with the current regulatory environment, banks can ensure authentic and reliable data sources for ESG lending.
Implementing these measures would help banks meet regulatory obligations and keep the confidence of their stakeholders while ensuring the accuracy and legitimacy of the data they use for ESG lending.
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