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
When risks converge, do you know how your financial dominoes will play out?
Addressing the interconnection between risks isn’t just prudent; it's essential for firms to safeguard their financial stability and remain resilient in an increasingly unpredictable world. But how can organisations go about building that all-important view of interconnecting risks and their potential impacts?
Read more
Five ways to maximise return on investment from climate scenario analysis
Conducted effectively, climate change scenario analysis can unlock strategic insights, enhance business’ climate capabilities and meet regulatory requirements.
Read more
What are three facets of a credible climate disclosure programme?
With the introduction of new sustainability disclosure standards globally, companies are needing to increase the granularity of analysis and the specificity of their disclosures.
Read more
The great balancing act for superannuation funds
This article explores five challenges Chief Risk Officers should be aware of as they assist superannuation funds to secure long-term sustainable investments
Read more