ESG Reporting in the Banking Sector – Challenges for Banks
ESG Reporting in the Banking Sector – Challenges for Banks

Summary/Abstract: Theoretical background: Regulatory ESG requirements are prompting banks to revise their strategies and product portfolios. In addition, regulatory changes in reporting impose changes in the internal as well as the external reporting process. Purpose of the article: The aim of the article is to demonstrate that current ESG reporting regulations are not sufficient to define consistent standards and to identify possible areas for their development. Research methods: The article analyses the current regulations for ESG reporting in the banking sector and the forms of reporting used by banks belonging to the WIG-ESG index. The article uses an analysis of the regulation of ESG reporting at the European and national levels. It reviews the ESG strategies of WIG-ESG index banks and non-financial reports, integrated reports or other types of disclosure of non-financial information. The article complements existing academic studies in the area of non-financial reporting by pointing out the challenges of ESG reporting from the perspective of banks operating in the Polish banking sector. Main findings: Based on an analysis of existing ESG regulations and requirements, the following challenges were identified: lack of unified reporting standards; data complexity and diversity; changing rules and regulations; transparency and credibility of information; stakeholder engagement; measuring social and environmental impact.

• Details
• Contents