Consumers are increasingly aware of their carbon footprint and are making purchasing decisions based on the perceived ethics of firms they deal with. This also applies to their banks, insurance companies and pension firms.

The financial services industry cannot escape this demand for greener services and pressure is growing on FSIs to be fully transparent with their data and reporting. Should their ESG credentials fall short of the mark, they risk losing the trust of customers or coming under scrutiny from the regulator.

In this FStech podcast Shipra Gupta, Investments Stewardship lead at Scottish Widows, talks about some the challenges facing financial services institutions when dealing with ESG issues.

She also examines some of the ways FSIs should tackle their ESG strategy and make sure it makes an impact.