Financial institutions have an important role to play in driving sustainability in emerging markets, concludes a white paper published this month by Commerzbank. Christian Toben, the bank’s head of financial institutions in emerging markets, spoke to The Banker about the challenges and opportunities of bringing emerging markets along with the environmental, social and governance (ESG) agenda.
ESG is generally bandied about as a homogeneous unit. Yet, in reality, it contains three separate goals that do not necessarily go hand-in-hand and whose pertinence are skewed differently depending on the region in question.
