Green Finance Briefing: What’s a sustainable business strategy in banking?
- Executives need to start thinking of how to create and execute a sustainability strategy as the economy transitions to a carbon-neutral future.
- At Tearsheet's Banking on the Planet conference, speakers outlined how financial companies can start on their sustainability journeys – it's all about education, collaboration and transparency.
Every executive needs to start thinking about strategies that will capture a long-term competitive advantage from the net-zero transition. In banking and finance, this means a comprehensive awareness of what your business is enabling.
This was the main takeaway from last week’s Banking on the Planet Conference, where some of the industry’s top professionals shared their insights on the role of finance in a sustainable economy.
We talked about this topic from all angles – from sustainable investments and ESG, to consumer banking, to reporting and emissions reduction.
The reality today is that we are nowhere close to where we should be in terms of understanding how valuable it is to be prepared for the future. There is a huge educational component that needs to continue developing, especially in the senior management of financial and banking organizations. A sustainability-oriented culture has yet to take hold in finance.
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