Thomas McInerney and Chris Porter comment in a feature story in Financier Worldwide Magazine on why on climate change is a key imperative for financial services.
Thomas says:
“Attitudes toward climate change have been evolving within the financial services industry for some time now, but the tempo has quickened in recent years. What was once largely a theoretical or box-ticking exercise is giving way to increasingly substantive policy initiatives, like sustainability-linked loans and bonds.”
Chris says:
“Investors’ appetite for increased visibility into how environmental, social and corporate governance (ESG) factors are accounted for in their investments has created, and will continue to create, an opportunity for financial services firms. One need only see the extent of ESG-focused investment products available today, to see that such firms are not waiting for government regulation to capitalise on this trend.”