Sustainability is a subject rising on the agenda of the financial services sector. Clients ask for it, legislation requires it. Moreover, society calls upon the financial services sector to contribute to a sustainable future. Banks, insurance companies, private equity and other market players are seen as a crucial factor to finance and realise the transformation to a sustainable economy.
The financial sector is increasingly prepared to face the ‘green’ challenge. This forces institutions to cope with complicated issues and questions. How to be differentiating with sustainability? How to measure, report, and steer on sustainability? How to ensure sufficient financial return? How to operationalize sustainability throughout the organization?
Business as usual is being challenged by growing demands for inclusive growth, shared value and transparency in dealing with environmental and social risks and impacts. In addition, there is increased legislative pressure on the integration of environmental, social and governance (ESG) factors into investment strategies and processes. Examples such as the EU CSR Directive, EU Directive on IORP II show that regulators are heavily involved in shaping the sustainability agenda. On 24 May 2018, the EU Commission published its proposal for a first package to support EU-wide sustainable growth and a more sustainable financial system with the goal of reinforcing the Paris Climate Agreement and the United Nation's Sustainable Development Goals.
Within the financial market, many organisations are not fully equipped to find and make sustainable investments. The inclusion of ESG (Environmental, Social, Governance) criteria in their investment process is new. For example, how can you find a way through various labels and quality marks? How to understand and manage ESG risks and opportunities? How to find responsible goals for profitable growth. How to monitor and report? To enhance strategy, unlock value, and build trust we will have a constructive and transparent dialogue with you and your stakeholders. We help you by:
Our services are designed for financial institutions and capital markets. We help you navigate the complexities of mapping opportunities and risks relating to sustainability. Our services include:
The Dutch Good Growth Fund - Financing Local SMEs - (DGGF) – is an initiative of the Dutch government to stimulate entrepreneurship and create jobs in frontier markets. Amongst other things, PwC acts as the environmental, social and governance (ESG) manager, enabling the fund to maximize its impact on the ground, while keeping ESG risks at bay.
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