Until recently, mentions of sustainability in company reports often felt like mere gestures, lacking real business focus. But things have changed—now, sustainability reporting is becoming a must for both banks and financial institutions.
The whitepaper authored by LIBF faculty members, Emmanuel Rondeau and Rutang Thanawalla, talks about why financial institutions, especially those operating in multiple jurisdictions, need to review their existing ESG strategies, policies and procedures to prepare for a new phase of reporting.
The whitepaper highlights the Corporate Sustainability Reporting Directive (CSRD) as a global benchmark and explains why financial institutions in the MENA region need to start preparing for these standards. It also looks at the current state of ESG reporting in the MENA region, discussing the challenges banks face in achieving clear and effective sustainability reporting.
You’ll find an interesting case study on Microsoft’s commitment to becoming carbon negative, along with insights from other regions like the UK, US, and APAC. To conclude, the whitepaper provides practical recommendations for banks on how to collect and organise their carbon and environmental data for efficient reporting.
Download LIBF's whitepaper to learn how effective sustainability reporting can help your organisation meet changing social and environmental expectations.
See other recent whitepapers by LIBF on sustainable finance and ESG:
- The 2024 priorities for developing a sustainable financialservices firm in the Middle East
