With the 2030 agenda for sustainable development goals and the Paris Agreement for climate change, businesses have an imperative to adopt green and sustainable practices, commonly known as environmental, social, and governance (ESG). Banks have a responsibility and an opportunity to facilitate the transition of the economy to one that is low carbon-intensive while building upon their own sustainability-linked policies and practices.
The amount of investment to enable this transformation is enormous and financial institutions play a pivotal role through their expertise and funding, thereby incentivizing private and institutional investment in sustainability.
