The study published today on the implementation of the ESG (environmental, social and governance) guidelines in portfolio management, compiled by the Lucerne University of Applied Sciences and Arts (HSLU) and commissioned by the Swiss Bankers Association (SBA), clearly shows that the Swiss banks have largely implemented the guidelines and embedded them firmly in their processes, advice and offerings. At the same, however, smaller banks in particular see the requirements as complex and challenging. It is also clear that training for client advisors, classification and sustainability reporting are creating a heavy workload.