Tapestry Networks and the High Meadows Institute launched the Bank Investor Engagement Project (BIEP) in 2020. Environmental, social, and governance (ESG) issues have risen to the top of investor and bank board agendas in recent years. Because of their unique role in the economy, banks are viewed as an important transition mechanism and influencer of behaviors through their lending, investing, and advisory activities. Participants see an opportunity to complement efforts aimed at the convergence of ESG reporting standards by exploring ways to accelerate and improve existing standards and identify opportunities to enhance communication between banks and investors. The BIEP will allow senior executives and board members from leading institutional investors and banks to engage in bilateral discussions and roundtable meetings to clarify priorities, expectations, and challenges and identify good practices for improving bank communications on ESG issues.
Participating institutions include many of the world’s largest institutional investors and banks (BlackRock, Bank of New York Mellon, BBVA, Citi, Fidelity International, Hermes, HSBC, JPMorgan Chase, Morgan Stanley, PNC, RBC, Truist, UBS).