Fad or the new must-have?

The implementation of the new dimension of sustainability in the financial industry is in full swing. Customers are communicating that they want to invest more in sustainable products. The changeover in regulation at European and national level is taking shape. Banks and asset managers will also have to position themselves in this area in the future. But how can this be done in the face of simultaneous pressure on margins and costs as well as intensified digitization and competitive pressure?

The consideration of sustainability criteria and risks in the processes of banks and asset managers requires a structured approach, which at its core starts from a clearly defined sustainability strategy, which should be integrated into the current business strategy. Based on this fundamental positioning, focused product and sales strategies are defined. Their implementation affects all relevant areas end-to-end, from the sales and advisory process to the product development process to credit, organizational or risk processes.

Two years ago, Consileon established a competence team that deals intensively with sustainability issues in the financial market. This team is available to you for an exchange and for support in implementation projects.