Corporate

'The time is now,' says EY CEO Carmine Di Sibio, as the Big Four corporate accounting firms get serious about ethical governance and endorse official ESG reporting standards

26 days ago   |   By

Carmine Di Sibio, CEO of EY
Michael Kovac/Getty Images
Leaders of Deloitte, PwC, EY, and KPMG announced Tuesday a new reporting framework for environmental, social, and governance standards , The Financial Times' Gillian Tett reports .
"The time is now for companies to broaden their engagement with stakeholders," Carmine Di Sibio, EY global chairman and CEO, told Business Insider via email.
ESG criteria measure a company's progress on a range of issues, from the amount of greenhouse gas it produces to the diversity of its boardroom.
In 2006, when ESG standards were first mentioned by the...
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European fintech faces an 'existential crisis' as funding has dropped 'from surplus to scarcity,' McKinsey report says

European fintech faces an 'existential crisis' as funding has dropped 'from surplus to scarcity,' McKinsey report says

27 days ago   |   By

ADRIAN DENNIS/Getty
European fintech faces an "existential crisis" because the COVID-19 pandemic poses serious challenges for continued funding, according to a report by consultant McKinsey. Venture capital funding has become more scarce, despite the fintech sector having grown rapidly by over 25% from 2014 onwards. The scale of funding dropped by 11% globally and by 30% in Europe in the first half of 2020, compared to the same time a year ago, McKinsey said. The pandemic "has in effect shortened the runway for many fintechs, posing an existential threat to the sector." Visit Business...
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