Is it common for an investment bank to ask for a vendor's revenue, financial reports?

[thomasparra]

I onboarded a sell-side broker/investment banker as a client last year. As part of a "ISO environmental audit" they are now asking me a bunch of questions regarding how I handle ESG stuff, and on the side they are also asking me questions on my turnover, number of employees and financial statements in the past three years lol.

Is this common? Is there a risk for them to remove me from their vendor list as I am a very small company that just started out last year?

Also, it is quite funny they are asking their vendors to be ESG compliant, while asking them to PRINT and STAMP each page of their forms instead of doing this digitally 🙂

Last edited: Mar 18, 2025

 

[daniels27]

It does not cost to ask.

Just give them the answers they want.