Both intrinsic and extrinsic factors have made high-performance sustainability management essential in the banking sector. Many banks face a variety of challenges that have both internal and external effects and also interact. Increasingly strict statutory reporting requirements, such as the EU taxonomy and the CSR Directive, require a continual increase in internal capacities. Such situations are often exacerbated because the exact requirements are still unclear.

In addition to the business requirements, the developed concepts also have to demonstrate high levels of flexibility and scalability. Reporting requires the collection of information from nearly all company departments.

To do so, a number of different data sources and systems have to be interlinked. In many cases, additional data has to be collected that is not available to the company yet. This results in huge demands on the design of the process and IT landscape, system connectivity, data management, and process documentation. Depending on the strategy and available structures at the company, the solution concept can either be based on existing structures or will have to be supplemented by rolling out additional, specialized solutions.

The solutions available on the market differ in their functionality and have plenty of open potential. The right process integration is needed to capture it.