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When we look at the industries most affected by ESG (Environmental, Social, and Governance), the banking and financial services industry definitely stands out amongst the crowd.

No one can deny the importance of banks and financial institutions, but many have often regarded the sector as important yet archaic, characterized by a slow adoption of new technology and current consumer trends.

That is where ESG can help by providing insights that allow banks to stay ahead of growing regulatory and consumer demands, ultimately helping them avoid technical debt.

ESG can also assist the banking industry in meeting the fast-changing demands of environmental, social, and governance issues, which Millennials and Generation Z are increasingly passionate about.

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