«It is impossible to implement ESG banking without digital technologies.Doctor of Economics, Professor Vasily Vysokov
It makes no sense to digitalise financial stereotypes without concidering ESG factors..»
Chairman of the Board of Directors of Center-invest Bank
Head of the ESG Banking Project Group of the Association of Russian Banks
This theoretical and practical handbook captures the interplay between the two main development trends in the banking sector: the transition to digital banking, and a business model based on environmental, social and governance (ESG) principles.
The book was presented at the GABV European Chapter Meeting (Brussels), the 42nd BACEE Online Banking Conference (Budapest), the joint webinar of UNEP FI and the Association of Banks of Russia (Moscow) in 2021.
It gives an innovative presentation of the Bank’s balance sheet in terms of Sustainable Development Goals using digital reporting technologies.
Successful digitalisation depends on an integrated approach, recognising the interconnectivity of taxonomy, the governance structure and functions, the business model and strategy, ESG risk management and ESG reporting.
Digitalisation provides this interconnectivity of multi-index variables in digital models for the reproduction of all types of capital, constructed with regard for financial indicators, regulatory constraints, traditional and ESG risks, and which permits rapid and reliable payments, accounting and reporting.
The recommended methods and solutions have been tested in practice by Center-invest Bank (an ESG bank) and leading participants in the ESG banking market.
For comments and feedback please email the author (vysokov@centrinvest.ru)