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News and resources on transaction banking, corporate banking and supply chain finance.

Paige McNamee

Why did SVB collapse?

Paige McNamee - Finextra Research
Discussion
What is ESG in Banking
Raktim Singh

Raktim Singh

  Thanks for your input. It's not fair on my part to list only 1 or 2 companies. Also, please look at companies across the globe, and you will find multiple examples here. You can also look into 'Sustainable Cities: Enabling Positive Change through Innovation and Collaboration,'' published recently by the FINEXTRA team. Also, as highlighted in the article as well in my earlier comment, following ESG practices means following ethical, inclusive, and fair business practices. I understand that you are referring to one investment company example. We will see many other examples of companies that have taken the ESG route. Most importantly, we all need to encourage ESG practices and follow those in our daily routines. 
What is ESG in Banking
A Finextra Member

A Finextra member

  No it does not clarify. You still have not listed any companies that are achieving these goals. In addition, not all countries and companies follow ESG rules - one of the two largest countries in the world is building new coal fired power stations and is doing very little to comply with ESG rules. Most US companies pays lip service, but does not enforce practice. I repeat that the investment industry is starting to turn it's back on companies that enforce ESG because it is affecting their profitablity and long term growth.
What is ESG in Banking
Raktim Singh

Raktim Singh

  Thanks for your input. There are many companies that have seen improvement in both the top line and bottom line post-adoption of ESG practices. Also, all stakeholders, from shareholders to customers to employees, ask for ESG practices to be followed. Everyone understands the importance of this. Following ESG practices is as important as following correct accounting practices, promoting diversity inside the company, or being fair in all your transactions. We all need to be sensitive towards the environment, follow sustainable business practices & ensure proper governance. I hope this clarifies. 
What is ESG in Banking
A Finextra Member

A Finextra member

  Please show examples of companies that focus on long term sustainability show increase in earning, revenue growth and returns on investment. You cannot make statements like this without showing examples. From recent experience, I note that the investment industry is turning it's back on companies that practice ESG because they provide lower returns than those that do not.
Scott Hamilton

Which banks are at risk after the SVB collapse?

Scott Hamilton - Contributing Editor, Finextra