Banks have a unique opportunity to become powerful agents of positive change via Environment, Social and Governance (ESG) principles and helping to finance the green transition. But how is this going to come about when saving the planet is no simple task (and when trying to remain prosperous while doing …
Be the change you wish to see in the world.– Mahatma Gandhi Insurers have a once-in-a-generation opportunity to take stock and set about creating the industry they want to be part of – one that’s pushing boundaries to build upon its purpose – and become a force for greater good. …
Man cannot discover new oceans unless he has the courage to lose sight of the shore. — Lord Chesterfield In his work “The Lusiads”, Portuguese poet Luís Vaz de Camões extolled the epic maritime adventure that was the discovery of the sea route to India. The global expedition, led by …
It may require some imagination on your part, but the current environmental, social and governance (ESG) landscape could be compared to the early years of Formula One (F1) racing. Back then, the rapid and revolutionary changes in racing technology brought on an era where drivers frequently raced in a blaze …
Alice is the CEO of a well-established telecommunications company. Last year, the board of directors decided unanimously that it was time to join the wave of companies making strong statements about their commitment to achieve net zero by 2030. The truth is that making such statements can be daunting. While …
Banks are increasingly reporting on their future contribution towards sustainability. The most common public commitment is their ambition to redirect capital flows towards sustainable investments as part of the lending business. This is where the green asset ratio comes into place as it shows how green banks’ portfolios are. But …
The world needs globally accepted sustainability reporting standards to ensure transparent, comparable information for all stakeholders – businesses, investors, customers, employees, suppliers, regulators and governments. The quality of ESG reporting should be as high as it is for financial reporting and should be capable of being assured. This ensures a …
Raising this type of question is of growing importance. The last few years have seen a growing public interest in the role business plays in society, and that will only grow in the future. The fact that ESG is reshaping the European Private markets landscape, with all of the industry’s …
In this article, we dive into the EU Taxonomy for sustainable finance based on the 2021 report by the UNEP FI (United Nations Environment Programme Finance Initiative), and the European Banking Federation (EBF). We are especially focusing on the Taxonomy in banking. Given that most companies are at different stages …
Everlasting growth has been the panacea of the socio-economic model we live in today, a logic not unlike the big bang theory expansion. However, this single idea is increasingly blamed for fueling the latest global economic crises and for aggravating the climate issues we face today. This criticism comes at …
