European banks increased their board-level sustainability expertise at a significantly rapider pace than their insurance and asset management peers over the past year, reflecting growing pressure to integrate climate-related oversight among senior leadership teams.
More than 90 per cent of banks’ boards now include at least one sustainability expert, with the share of new board appointments with environmental, social and governance expertise growing 10 per cent across all firms over the past year, according to EY’s latest European Financial Services Boardroom Monitor.
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