Sustainable Finance Risk Management Banks should take the lead on sustainable Finance
14 December 2020
Original content provided by BDO Suriname
Climate protection and sustainable business practices have risen significantly on the agenda of bank boards. This partly has to do with the onset of the COVID-19 pandemic. It has become all too readily apparent just how rapidly - and with previously unimaginable force - societies and economies can be impacted by severe health and environmental risks. While the development of many industries, such as of the transport and real estate sectors, are already affected by the need to achieve climate targets,we are now seeing the advent of consumers and investors demanding a shift towards sustainability from the financial industry as well. Read here why banks should take the lead on sustainable finance.
"We believe banks should take the lead in devising suitable solutions to the challenges associated with sustainable finance. Such proactive efforts will create new business opportunities. We strongly recommend bankers start reviewing their business models and strategies with this in mind."
GEBHARD ZEMKE, Head of Global Financial Services
For a overview of Sustainable Finance Risk Management Banks should take the lead on sustainable Finance, click here