A climate for change in the financial services sector

At the start of the year, Deloitte conducted a survey of 750 executives worldwide to see how organizations are approaching the climate crisis and if the coronavirus pandemic has affected their sustainability initiatives. According to our 2021 Climate Check report, 82 percent of the executives who were surveyed said their organizations are either concerned or very concerned about climate change. If you look at that result from an industry perspective, you would find that 77 percent of respondents from the financial services industry (FSI) are either concerned or extremely concerned about climate change.

As leaders of organizations that play a big role in fueling growth and maintaining financial stability, FSI executives have seen firsthand how climate-related disasters can affect their stakeholders.But as with the other industries that were represented in the survey, FSI players have had to cut back on their environmental sustainability initiatives due to the pandemic.