Banks will need to decarbonize their loan portfolios (Scope 3 carbon emissions), as well as taking the steps to be more sustainable internally (Scope 1 and 2 emissions). There is an ongoing focus on environmental, social, and governance (ESG) issues, but we are seeing nuances around other topics beyond climate change begin to surface. These include biodiversity, diversity and inclusion, and sustainability in the broader sense. The societal (S) and governance (G) points are still second to climate and the environment (E), but they are growing. For example, there is a growing pressure on banks to change lending habits and try to gauge how ethical their investments and services are.