Baringa’s benchmarking analysis shows where US mid-tier banks are leading and lagging on environmental, social and governance (ESG) priorities.
Climate change is climbing up the global agenda, putting financial services firms under growing pressure to reduce emissions and support the transition to net zero. So far, most of the supervisory scrutiny in the US has been aimed at large banks. But smaller financial institutions could find themselves under the spotlight sooner than expected. How prepared are mid-tiers to meet this fast-evolving regulatory landscape?
To answer the question, we benchmarked 18 US-based mid-tier banks on their climate commitments and reporting. Our analysis reveals that mid-tiers appear to be at the very start of their net zero journeys and are underutilizing climate risk tools.
Download the report to:
- Learn what the latest guidance and regulation from industry regulators mean for mid-tier banks
- Understand where mid-tiers are leading and lagging on climate-related issues, including setting emissions targets, integrating climate risk and providing sustainable finance
- Discover our recommendations for closing the gaps based on our in-depth climate expertise, acquired over years of helping financial institutions to benchmark, improve and report on climate-related performance
Related Insights
Four steps to building a firmer risk framework
What steps does an organisation need to take to evolve its risk framework? We share four key areas to focus on to build a firmer risk management framework.
Read more
The critical role of frameworks in unlocking transition finance without unleashing greenwashing
Financial institutions need to focus on enablers, developing their own transition finance frameworks. How can they do this as effectively to mobilise capital to the transition whilst avoiding greenwashing?
Read more
The case for investing in energy efficiency for real estate
The drive for greater energy efficiency in real estate is rapidly gathering momentum. It is a pivotal moment for financial institutions to profit from the energy transition while building a stronger society and economy.
Read more
Reflections on the Future of Payments Review
Baringa is pleased to have contributed to the ‘Future of Payments Review.’ In this video, we share our reflections on the report and what this means for the UK payments market.
Read more