ESG highest regulatory concern
ESG and sustainable finance constitute the top regulatory concern for financial services firms, said KPMG.
As per the firm’s first Regulatory Barometer, ESG and sustainable finance, due to the volume of new and developing initiatives as well as challenging implementation, cause the most pressure amongst regulatory initiatives.
Rob Smith, partner and UK head of financial services regulatory and risk advisory at KPMG in the UK said in a statement: “Sustainability has rightly been at the top of the regulatory agenda for some time as wider ESG concerns are the issues of most discussed by regulators, industry and investors around the world, spurred on by the common understanding of finance’s role in reaching net zero.
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