September 1, 2009
by Staff ReportersSustainability is no longer an option for LatAm banks, who are increasingly responding to calls from investors to prove good governance, according to a LatinFinance study in association with Madrid-based consultancy Management & Excellence (M&E). The detailed assessment of ethics, corporate social responsibility (CSR) and corporate governance (CG) at the regions 40 biggest listed financial institutions shows Brazilian institutions continuing to pull ahead.
Sustainability is no longer an option, but a need, says William Cox, managing director at M&E. He adds that sustainability is a synonym for solid financial management. More than ever,
Our fifth annual survey of ethics and sustainability at LatAm’s leading banks shows standards getting tougher as investors demand more. Brazilians continue to stand out.