alva’s latest ESG Banking report reveals a startling contrast
The report published by alva, the business intelligence firm that helps blue chip companies to assess, measure and benchmark their ESG activities, has analysed 20 banks including names such as: HSBC, Citi, Citizens, Bank of America, JP Morgan Chase, Capital One and Ally Financial which highlights some interesting angles.
The new report by alva, on the US Banking sector’s ESG activities in Q1 reveals that the sector as a whole has achieved a healthy ESG score of +34, a quarter on quarter improvement on its previous score of +21. This is due to the sectors success on social issues, for which it scores +85 – whereas, environmental issues is a mixed bag (+24), and governance underperforms (-10). The leading bank on ESG issues is Citizens, with an impressive score of +64.
