April 18, 2023 | Stamford, CT — Large companies in Europe and Asia are asking their banks for advisory services, enhanced customer service and other forms of practical support to help them sustain and grow their businesses amid growing economic headwinds.

Companies, frustrated by cumbersome documentation and compliance, are requesting accelerated processes, and improved customer service to make day-to-day operations more efficient.  Corporates are also seeking advisory services to help them optimize cash and treasury management, financing and business performance.

“Since technology has become the core delivery mechanism for many bank services, companies are now asking for digital implementation support to help them leverage the benefits of innovative product offerings, enhanced digital platforms and automated execution of transactions,” says Gaurav Arora, Co-Head at Coalition Greenwich and coauthor of As Challenges Mount, Corporates Seek Enhanced Support from Their Banks.

Companies Want Banks’ Advice on ESG
A sizable majority of large companies globally have adopted some form of ESG goals and almost 60% of large European companies want their banks to act as educators and advisors on ESG. In Asia, nearly half of corporates are looking for banks to advise and anticipate changes in regulation, and to explain how ESG regulations will affect their businesses. 

Today, banks are well positioned to support companies in their sustainability journey through financial products and solutions, including advice, guidance on regulation and implementation, and robust reporting tools to measure and track progress toward ESG targets.

“By providing access to sustainable financing products and by using their in specific industry and regional expertise to help companies identify material ESG risks and opportunities, corporate banks are invaluable partners to companies,” says Dr. Tobias Miarka, Head of Corporate Banking at Coalition Greenwich and report coauthor.