European Banking Study 2021, 1st edition
ESG as a unique opportunity for post-crisis banking
Introduction to the 1st edition of this years European Banking Study
For more than ten years now, European banks have been caught in a vicious circle of depressed earnings, significant cost pressure and limited growth opportunities. Operating in a low-yield environment, with increasing external operational and capital costs induced by regulation and massive headwinds from the COVID-19 crisis, banks are facing the next fundamental challenge – ESG.
These unassuming three letters not only stand for environmental, social and governance, they cover a whole development that will change our society, the economy and our behaviour and will thus also have a massive impact on banking. The key question for European banks is, can ESG – and everything we subsume under it – help to break the current vicious circle or does it even accelerate it?
You´ll find our answer to this question in our publication which can be ordered below. Our ESG integration offering can be found here.
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