Banks and other financial institutions play an instrumental role in the global transition to a sustainable economy. On the one hand, through sustainable financing, they have the potential to spur innovation, upscale sustainability efforts, and augment decarbonization of economies โ fostering a mutually beneficial environment for them, their clients, and the planet at large.
Sustainable finance also emerges from commercial imperatives to better manage climate and other sustainability-related risks. In a landscape where banks and other financial institutions are frequently judged on their environmental sustainability, it is crucial to create opportunities in sustainable finance and integrate sustainability-related considerations into capital allocation, loan sanctioning, portfolio oversight, and reporting.
This publication, explores the complexities of sustainable finance and the challenges and prospects it presents for banks and other financial institutions. As significant contributors to sustainable development, they must develop a sustainable finance framework and incorporate initiatives and processes to harness opportunities and mitigate risks in their operations and portfolios. This report gives insights into recent developments in the sustainable finance ecosystem, including relevant institutional and national policies, and the key drivers and robustness of the sustainable finance market.
Our Early Impressions document on, โ๐๐ฎ๐น๐ถ๐ณ๐ผ๐ฟ๐ป๐ถ๐ฎ ๐๐น๐ถ๐บ๐ฎ๐๐ฒ ๐๐ฐ๐ฐ๐ผ๐๐ป๐๐ฎ๐ฏ๐ถ๐น๐ถ๐๐ ๐ฃ๐ฎ๐ฐ๐ธ๐ฎ๐ด๐ฒ (๐ฆ๐ ๐ฎ๐ญ๐ต) ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ,โ unpacks the key amendments to Californiaโs...