The Big Picture: How the CSO can drive the banking sectors’ sustainability efforts
The role of the Chief Sustainability Officers (CSO) is navigating, influencing, and cutting through organizational complexities to allow the organization to deliver on its ESG strategy and commitments. But how does the CSO contribute to the sustainability endeavor in the European banking sector?
Together with Deloitte Luxembourg, the EBF launched a report exploring the role of the Chief Sustainability Officer (CSO) in banks. The report demonstrates how this role can act as a business leader, change agent, connector, and ambassador of organizations’ culture. Increased internal cooperation, public help, and availability and comparability of data also emerged as key to help banks in their sustainability journey.
Banking 2030 – Capital that Cares
With the newly launched Banking 2030 project, the EBF and Deloitte teamed up to develop a strategic perspective on where and how banks can add value to society in the next decade.
“The drivers for change are not only in changing demographics, but also in the key elements of the dual transition which will lead to a more digital and sustainable world. In this changing environment, banks have key strengths that will continue to be relevant. An unparalleled capacity to judge, shift and manage risks amongst different stakeholders. The capacity to master and cater to the complete lifecycle of financing needs for families and businesses,” Niels-Peter van Doorn, EBF COO and Pascal Martino, Partner Advisory & Consulting at Deloitte write in a joint blog.