Financial service providers are swiftly picking up on the evolving sustainability requirements of their customers, owing to new regulatory frameworks.
Regulations are constantly being redefined to ensure that financial organizations are made more responsible for their investment decisions. This extends to the point where non-compliant ESG parties within a financial institution’s value chain are enough to make the institution non-compliant. Despite this, varying regulations in different countries are leading to significant compliance challenges.
At the same time, consumers are becoming increasingly aware of the sustainability and green policies of their financial services providers. This leaves the providers with even less choice but to adhere to the sustainability obligations expected of them.
Read more about AWS and TCS’ joint PoV on the matter, here.