FinTech Magazine's Top 10 banks for ESG in 2023
- Media Manager
- Oct 17, 2023
- 1 min read
Fintech
Written By: Louis Thompsett
Published: October 18th, 2023
FinTech Magazine takes a look at the Top 10 most ethical banks of 2023, looking at the ESG initiatives they employ to put them in our Top 10 list.
Economic social governance (ESG) is becoming one of the most important considerations for financial institutions and banks alike.
Below, FinTech Magazine runs through our Top 10 most ethical banks of 2023.
10. Lloyd’s Bank
UK-based Lloyd’s Bank has an ESG mission to Help Britain Prosper, achieving growth by driving revenues and diversification, with a focus on strengthening cost and capital efficiency while maximizing the potential of changing technology and data tools. Embedding its stakeholder outcomes across different business priorities, Lloyd’s Bank is enabling its different divisions to build an inclusive society and support the transition to a low-carbon economy. With a focus on generating £15bn (US$18.2bn) in sustainable finance for corporate and institutional customers by 2024, Lloyd’s Bank has already achieved £11.5bn of this goal as of January 2022.
9. Deutsche Bank
Leading German financial institution Deutsche Bank places its commitment to the environment in supporting its financing and advising clients on a path to meet the Paris Agreement on Climate Change. The bank deploys three levers to help its partners decarbonize by providing transition financing, rebalancing its loan portfolio towards clients focused on developing decarbonization plans, and reducing its exposure to clients with a limited capacity or willingness to decarbonize. Deutsche also runs social initiatives focused on education, enterprise, and community, and runs a strict Environmental and Social Policy Framework to scrutinize its own social and environmental impacts.
