Global ESG Monitor: Banks and insurance companies show progress in climate reporting

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Global ESG Monitor: Banks and insurance companies show progress in climate reporting - Digital News Asia

Quick Summary:

Banks and insurance companies scored just under 50%, slightly above average

Financial institutions show awareness of climate issues but lack in-depth reporting Banks and insurance companies are making strides in their climate reporting but still have room for improvement, according to the latest evaluation by the Global ESG Monitor (GEM) 2024.

The financial sector, comprising banks and insurance companies, achieved just under 50% of possible points in reporting quality, slightly surpassing the overall sample average of 45%.