Ushering ESG into the mainstream

ESG-centred products and practices may not currently provide a pricing advantage to firms now, but they soon will – fuelled by sufficient consumer demand.

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In an interview with The Business Times in Singapore, Joris Dierckx, Head of Southeast Asia for BNP Paribas, delves into the questions facing the banking sector amid the increasing buzz around sustainability and environmental, social and governance (ESG) practices. The question for the banking sector, he says, lies in how financial institutions can continue to transform its model to better serve a new economy in transition.

While the sustainability movement is still very much driven by MNCs, the banking sector should explore new ways to transform its model to better service an economy in transition

Joris Dierckx, Head of Southeast Asia, BNP Paribas