INTERVIEW WITH
Q . HOW CAN FIS FULFIL ESG OBLIGATIONS IN AN OVERWHELMING REGULATORY ENVIRONMENT ?
» Technology is pivotal in helping FIs make sense of ESG compliance and make processes as simple as possible . Don ’ t silo . Reuse data from across your network . There are lots of external ESG tools to benchmark against , which helps with due diligence , and build ESG into your operating model all the way through the customer lifecycle — from onboarding to review . Key considerations are as follows :
• Synergies between AML / KYC data and processes mean FIs can easily absorb ESG into existing Client
Lifecycle Management ( CLM ) Frameworks
• As a starting point , much data can be reused from KYC to jumpstart ESG , including Nature of Business , Industry Codes and even the Board of Directors
• Leverage major ESG data providers to enrich client and supply chain profiles as much as possible through
20 September 2023