Surveys sometimes throw up unexpected results. For example, around four in five of the US companies that participated in the latest Coalition Greenwich annual US large corporate banking study have established some organizational environmental, social and governance goals – no surprise there – yet only 2% said a bank’s level of commitment to ESG played any role in cash management provider selection.
This was not limited to cash management. Only 4% of respondents said they included expertise in sustainable financing as a condition when picking a trade finance provider.
Sustainability is a growing part of businesses’ overall operating models
Chris Cox, Citi
Despite this, trade finance banks have been busily expanding their programmes.
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