ESG risk in the financial sector: what banks should prepare for
ESG risk in the financial sector: what banks should prepare for
ESG (Environmental, Social, Governance) is a tool for sustainable business and social development, a comprehensive system of environmental, social and governance criteria used to assess the impact of companies' activities on the environment, society and the quality of corporate governance.
ESG factors cover both qualitative and quantitative indicators, which make it possible to form a comprehensive picture of the level of responsibility, transparency and long-term sustainability of a business.
Read more in the article by EVERLEGAL lawyer for the LIGA ZAKON at the following link.
In focus:
- ESG – a tool for sustainable development and business impact assessment. Advantages: access to financing, improved image and sustainability index, ensuring compliance with regulatory requirements.
- Key EU acts: SFDR, Taxonomy, CSRD, CSDDD.
- Ukraine is implementing ESG reporting and integrating European standards.
- ESG risks — a new reality for banks and businesses.
Our expert: Lesia Baginska, EVERLEGAL lawyer, environmental compliance and ESG regulation specialist.
More about EVERLEGAL's expertise at the link.
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