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The growing appetite for green finance
Bridge to a better tomorrow
From the skyscrapers of Singapore to the river deltas of Bangladesh, the Covid-19 pandemic has drawn attention to global inequities, and expanded the gap between the world’s “haves” and “have-nots”. While banks and governments have been exploring green finance for some time, the pandemic has both highlighted the need for a just financial system and drawn attention to a broader issue facing the world: climate change.
Put simply, green finance refers to finance that incorporates environmental, social and government regulations into business and investment decisions, driving benefits for society as a whole. It signals a shift from the ends-driven model towards one which values outcomes that are good for the planet and its people.