Audit Teams Ramp Up Reporting on ESG

Pressure is mounting on banks to become more transparent in their measurement and reporting of ESG-related performance. Audit departments are responding by creating ways to track progress against new risks and regulations, and keeping management informed of key developments along the way.

Investors and shareholders are asking more questions about ESG than ever before, according to Aila Pallera, a partner at KPMG. At the same time, regulators are stepping up their requirements and cons…