WSBI ESBG

Sustainable Finance

WSBI-ESBG  member banks recognise that climate change is one of the main collective hazards ever experienced worldwide.

Move towards sustainable finance

Sustainable finance supports economic growth while reducing pressures on the environment.
It tackles pollution and focuses on green-house gas emissions by minimising waste and improving efficiency in the use of natural resources.
It is the provision of finance to investments taking into account environmental, social and governance (ESG) considerations. ​​The savings and retail banking model creates growth and jobs as it finances SMEs – ​the EU engines of growth. They also play a role in opening their network to everyone, and help to educate citizens in the region in which they operate.

Our position on Sustainable Finance

Regulatory actions in the financial sector must prioritize the completion and implementation of the regulation developed in the 2018 Sustainable Finance Action Plan and what is provided in the EU Green Deal and the upcoming Renewed Sustainable Finance Strategy. Overlaps and misalignments between regulations as well as misalignments in implementation deadlines of interdependent regulations should be avoided.

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Our latest content on financial inclusion Sustainable Finance

Joint letter to Commissioner McGuiness on the EFRAG consultation regarding its first set of draft ESRSs

On 27 September, the ESBG, together with the European Banking Federation (EBF), the European Association of Co-operative Banks (EACB), Insurance Europe, Accountancy Europe, Business Europe and…

ESBG response to the EFRAG consultation on its first set of draft ESRSs calls to ensure levelled global playing field

In its response to the European Financial Reporting Advisory Group (EFRAG) public consultation on the first set of Draft EU Sustainability Reporting Standards (ESRSs), the European Savings and Retail…

EU Taxonomy minimum safeguards: Criteria for the application of external checks should be further defined

The European Savings and Retail Banking Group submitted its final response to the Platform for Sustainable Finance (PSF) consultation on its draft report on minimum safeguards (MS). In its response,…

International Sustainability Standards Board consultation on Sustainability Disclosures

The International Sustainability Standards Board (ISSB) has been established at COP26 with the purpose of developing a comprehensive global baseline of sustainability disclosures for the capital…

World savings and retail banks call for harmonised taxonomies on sustainable finance

The World Savings and Retail Banking Institute (WSBI) called today on policymakers for the harmonisation of taxonomies on sustainable finance. At the end of the 26th WSBI World Congress, the…

World savings and retail banks moving forward on sustainability

World Savings and Retail Banking Institute (WSBI)'s members get together for the first time since 2018 at the 26th World Congress, in Paris. Under the title 'Locally Rooted, Globally responsible' the…