Banks need to be more proactive on ESG commitments

HLIB Research said most banks did well in governance, were progressive on social, but performed below par on environmental factors.

PETALING JAYA: Banks need to be more proactive and steadfast in their environmental, social and governance (ESG) commitments.Analysts said ESG is vital for the sector in the long term as having sustainable banking would ensure responsible business as well as new opportunities.

They also said this would spark investor interest in the sector.