Banks are at the heart of the global economy as a prime allocator of capital across all economic sectors. They make decisions of systemic importance regarding the kind of growth that is supported by the capital they allocate. Therefore, they have a pivotal role in promoting sustainability across most sectors of the economy.
In view of their importance, Nestor Advisors examined the governance of sustainability in 30 large European and North American banks. Below we discuss the key findings of this report, which explores how these banks populate, organise and engage their board on sustainability matters, how they deploy reporting lines and decision-making authority, and how they engage with various stakeholders.
