NEWS AND OPINION
US banking inches closer to ESG alignment
JPMorgan Chase to stop financing private prisons; Aspiration shows values-based banking model.
Responsible banking moves a few steps closer
I am delighted to see two large sustainable bond issues from US banks already this year.
Women in private banking: Why we need a new normal
Wealth management was built by men for men, but now that women will become the largest beneficiaries of the $30 trillion intergenerational wealth transfer, the industry needs to overhaul itself. If it doesn’t, it will be letting down more than just its female clients.
CSR: Going guerrilla on finance
Looking back over 50 years, it is surprising how finance has changed its role in protest.
Impact investing: The mindless mantra – ‘doing well by doing good’
To bring about fundamental change and to find long-lasting solutions, isn’t always pretty and it is certainly not always a win-win in the financial sense.
Gender lens investing: Banks not included
At the tail end of 2018, banks still seem to be a long way from equality.
CSR: Asset managers need to rethink governance
Environmental and social issues not separate; BlackRock still not voting on climate reporting.
Gender-lens investing doubles in a year
$2.4 billion in dedicated mandates; expectations to reach $20 billion to $30 billion by 2023.
What do investors want? ESG research. When do they need it? Yesterday
Research, research and more research is needed for investors to navigate the complex world of ESG and SDG investing.
Are the SDGs truly investable?
Natixis surveys large institutional investors and produces framework to avoid ‘SDG-washing’.
Family offices direct their efforts to making an impact
Larger family offices are taking on the private equity firms as they focus on investing directly.
Corporate responsibility: For banks to change, everyone must change
We need to change the banking model – and that means every person has to take some responsibility. Perhaps UNEP FI’s principles are the way forward.
Executive director of community innovation for JPMorgan.
Impact banking champion: Jackie VanderBrug, Bank of America
Investment strategist, Bank of America Global Wealth Management.
Impact investment: Private equity puts its money where its mouth hasn’t been
Impact investing would seem an unlikely business for avaricious private equity funds. But many are embracing what they see as a new opportunity. Should we be sceptical or see private equity’s buy-in as proof of the impact investment concept?
Impact banking: Can this generation of leaders change banking for good?
From the United Nations and the European Commission to customers and shareholders, the world’s banks face increasing pressure not only to consider their broader role in society but also to take actions that have a positive impact on it. There is no doubt that most chief executives take this challenge seriously. Whether they take it far enough remains to seen.
Diversity and inclusion: What the next generation thinks
Which banks are doing the most to impress and attract their future employees? A potential young recruit gives her opinion.
Financial inclusion: The paradox of the city
As cities around the US see populations increase, so the smaller banks that serve low- to moderate-income urban families are being squeezed out. New York is no exception. Financial inclusion is at risk of becoming an urban myth.
Financial inclusion is improving, but is it impactful?
Global Findex Report released by World Bank; usage and savings targets remain elusive.
CSR: Time's up for finance's gender pay gap
Gender pay gap disclosure has arrived in the banking industry, but a movement that aims to bring gender equality across the whole financial sector is just beginning. Euromoney speaks to some of the pioneers.
CSR: Failure not an option for First Women Bank
Tahira Raza was among Pakistan’s pioneering FWB's first employees 30 years ago, with a mission to advance female empowerment in the country. Having returned as chief executive, she is battling to compete with bigger local rivals.
Financial inclusion: American tragic
The plight of the unbanked in the US’s poorest regions is a modern-day scandal in the world’s richest nation. Southern Bancorp is one bank seeking to address the problem. Euromoney goes to the heart of the battle to beat financial exclusion in rural America.
UBL's pioneering CEO sets ambitious targets
As a woman running one of Pakistan’s leading banks, Sima Kamil has already made her mark. But her goal is for UBL to snatch top place, elbowing aside HBL, her former employer.
How are private banks responding to women in wealth?
Euromoney research shows disparity among regions in capturing the female wallet; hiring seems to be the quick solution.
March 07, 2018
Next month, all UK employers with more than 250 workers must disclose the gender pay gaps for both salary and bonus.
CSR: Vive la 1% revolution!
I often think that when it comes to closing the wealth gap, we will simply need a revolution by those at the wrong end of it, but in January I was comforted to discover that hundreds of people in the 1% are starting this revolution themselves.
The death of private banking… and how wealth management can have a brighter future
As chief executive of Westpac, Gail Kelly was a trailblazer for women in finance. She learned the hard way about the battle for equal pay. Now she is trying to use her experience to encourage others.
ESG: the stewardship revolution
Pay equity: Closing the gap
Banks face lawsuits over pay inequity as regulators now take diversity into their own hands.
Diversity and inclusion: Thomson Reuters reveals Q3 bank rankings for D&I
CSR and diversity: It’s time for banks to get naked
Greater transparency on CSR would save banks from duplicated efforts while learning from each other.
CSR: Inclusion key to bank diversity efforts
Are impact investments the new hedge funds?
To keep the spirit of impact investing, it is worth opening up the terminology to be more inclusive of a myriad of strategies.
India: It’s a woman’s world
Latin America: Lenders warming up to Brazilian banks
"Women tend to be less aggressive [in seeking financing terms] and more responsible – the sustainability of woman-owned enterprises is better."
UBS rethinks gender-lens investing
Americas wealth management division partners with specialist investment fund to back tech companies with women at the helm.
The long road to gender equality
The finance industry continues to struggle with the disconnect between talk and action on diversity. Is it time for the activists to shake things up?
one banker says there is an opportunity in hiring female advisers: "As an increasing number of women are seeking advice around financial decisions, we need to hire more female advisers to respond."
Private banking: Smarter, faster ways of giving
Steven Werlin works with Fonkoze in Haiti, a charity that seeks to help the poorest women in communities become self-sufficient…
CSR: SRI assets hit $8.72 trillion
More than 70% of women consider social or environmental impact as important to investment decisions, compared with just 49% of men.
CSR: The alpha female effect
Gender lens investing is on the rise, and with good reason. Not only do companies perform better with greater female representation on their boards, but a multi trillion-dollar wealth transfer to women and millennials means greater investment focus on social issues like diversity.
As political tensions around income inequality rise, so too does pressure on banks to hire employees from more varied backgrounds. While some have been early adopters of diversity, there is much still to do.
CSR: The unbanked – mind the gender gap
Unbanked women an opportunity for banks; inclusion boosts economic growth.
How financial inclusion will change the face of banking
In many regions, the unbanked, particularly unbanked women, complain that they do not feel comfortable entering a bank, that the ID requirements are too onerous to start a bank account, or that bank branches are simply too far away.
Sex discrimination and the City
Sex discrimination is still rife in the City, but new gender pay reporting rules threaten to expose the gender pay gap at investment banks and compel them to bring real equality to the trading floor.
FX: Fired currency traders fight back
Ex-Citi trader Carly McWilliams’ employment tribunal win will spur on other fired currency traders waiting for their day in court and encourage more women to bring unfair dismissal claims, say legal experts. The banks’ argument that a handful of rogue traders acting behind senior managers’ backs were to blame for the currency rigging scandal is contested.
Fintech 2016: Global Invest Her teaches women entrepreneurs to play the funding game
As evidence emerges that start-ups led by women make more money for venture capitalists than those led by men, a new platform aims to help women entrepreneurs get funded.
FX: Battle of the sexes
Leading women in FX talk about breaking the glass ceiling as the latest scandals reinforce the macho stereotype of the industry. Could the rise of electronic trading influence gender dynamics?
For more Awards for Excellence recognising diversity, see full results.
From challenging views on diversity in advertising to increasing productivity through homeworking initiatives, Lloyds is changing the way the corporations and society tackle D&I.
World's best bank for diversity 2016: Bank of America Merrill Lynch
In gender diversity, the bank is unrivalled. Some 52% of its global workforce are women, and representation by women on the executive board is 38% – more than double that of the average board among other Fortune 500 companies.
Gender equality: Divertingly dismal diversity
The pitches for the Euromoney Awards for Excellence always provide a revealing window into the inner workings of banks and part of the fun of it all is to separate the grand statements from the reality.
Gender inequality – Diversity: the alternative view
In a month that saw hundreds of thousands of women worldwide unite in disgust at the proposed policies of new US president Donald Trump, one Chinese investor has provided a shocking example of how pervasive a problem gender inequality still is in the financial markets.
Star photographer Annie Leibovitz was in Singapore recently, promoting a new exhibition commissioned by UBS.
Shorting anti-LGBT rights
Credit Suisse equity analysts in April revealed that a proprietary benchmark basket of 270 companies with progressive pro-lesbian, gay, bisexual and transgender polices (LGBT), outperformed the MSCI All Country World Index by 3% a year over the last six years.
Diversity double fault for BNP Paribas?
BNP Paribas takes the issue of diversity in the workplace very seriously. A quick glance at its website tells you as much. So it must have prompted some embarrassment when…
Corporate social responsibility: Pinked off
The work being done by banks globally in the corporate and social responsibility sectors continues to impress. But must there be so much pink?