ESG has become essential for financial institutions seeking to attract consumers, talent, and investors. Nearly all U.S. banking executives view sustainability as key to strategy, and both consumers and employees increasingly demand ESG accountability, including supplier diversity. However, legacy systems hinder banks' ability to collect and report ESG data effectively. Supplier management is a growing focus, as regulators, stakeholders, and competitive pressures demand more transparency. The report outlines four best practices: proactively disclosing ESG metrics, using centralized cloud systems, integrating HR and finance, and starting ESG initiatives internally. Cloud-based solutions offer the best path to streamlined ESG reporting and impact.

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