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      The financial services industry’s commitment to environmental, social and governance (ESG) issues might have been expected to falter in the current climate. The economic headwinds buffeting the sector are forcing firms to focus on other priorities. Market volatility, high inflation and the threat of recession have been constant distractions. And in certain key markets, a backlash against the “woke” ESG agenda has given the industry some pause for thought.

      However, the evidence of KPMG’s latest research exploring key topical themes, spanning sectors including banking, asset and wealth management and insurance is that the embrace of ESG is continuing. Their message is consistent: pursuing the ESG agenda remains a critical business priority. 

      Noeleen Cowley

      Partner, Head of Financial Services Consulting

      KPMG in the UK

      ESG Heartbeat Report

      ESG Heartbeat is a snapshot of the progress that financial services firms are making in addressing the environmental, social and governance (ESG) imperative.


      Our sustainability insights

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      Our people

      Noeleen Cowley

      Partner, Head of Financial Services Consulting

      KPMG in the UK

      Richard Andrews

      Head of Environmental, Social and Governance (ESG)

      KPMG in the UK

      Richard Bernau

      Global ESG Lead, Banking & Capital Markets

      KPMG International