The research is based on the rating of 100 of the largest commercial banks scored regarding their pursuit of material environmental, social and governance (ESG) issues over a ten-year period (2007-2017). Applying the materiality approach of the Sustainability Accounting Standards Board (SASB), it shows that those who consistently scores well on material ESG issues, also delivers higher than average financial returns. Taking into account the limitations of the data available, this higher financial return is estimated to be about 200bps.
The Global Alliance for banking on Values regroups banks and banking cooperatives from around the world committed to advance positive change in the banking sector.
This week, the EIB Group proudly participates in Pride 2020 celebrations in Luxembourg, where our headquarters are based. As an EU body, the EIB Group adheres to the EU’s motto “United in Diversity.” Pride celebrations in Europe and around the world remind us on the one hand of the improvements in equality for LGBT+ citizens, but also of the importance to protect those rights and to combat all forms of discrimination both in the workforce and in society in general.