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Are your ESG credentials ready for scrutiny by banks, insurers, and asset managers?
Financial institutions face unique Scope 3 reporting requirements through financed emissions (Category 15). If you provide services to banks, insurers, or asset managers, they need structured ESG data from their counterparties and suppliers. This assessment evaluates the base 14 readiness criteria plus financial sector-specific checks including TCFD alignment and financed emissions disclosure.
Banks and asset managers reporting under CSRD must disclose the carbon intensity of their lending and investment portfolios. This means every company they finance or insure becomes part of their Scope 3 reporting. Financial services suppliers – from technology vendors to professional services firms – are increasingly required to demonstrate their own ESG credentials to maintain and win contracts with regulated financial institutions.
14 base checks + 3 financial services bonus checks. Select every check that applies to your organisation.
These additional criteria reflect what procurement teams in your sector specifically look for.
Under CSRD and the EU Taxonomy, banks and asset managers must report the carbon intensity of their portfolios – including their suppliers and service providers. Suppliers with structured ESG data reduce the compliance burden. Those without it may face contract reviews or exclusion from preferred supplier lists.
The Task Force on Climate-related Financial Disclosures (TCFD) provides a framework for reporting climate risks and opportunities. TCFD alignment is increasingly expected by financial regulators and institutional investors. Demonstrating TCFD alignment signals that your organisation understands and manages climate-related financial risks.
Only if you are a financial institution (bank, insurer, asset manager). For non-financial suppliers to the financial sector, the financed emissions check is informational. The base 14 checks plus TCFD alignment and ESG policy are most relevant for service providers to financial institutions.
An ESG exclusion or engagement policy demonstrates governance maturity. Financial institutions expect their suppliers to have documented policies on ESG-related business decisions. This is particularly important for consultancies, technology vendors, and professional services firms serving the regulated financial sector.
Claim your free profile on Citable ESG to get a live readiness score that updates as you improve. Procurement teams can verify your status directly from your public profile.