How the finance sector can become a force for good

Based on their research for E4S, Jean-Pierre Danthine and Florence Hugard examine the steps financiers and investors need to take to become the ‘white knights’ of the sustainability revolution

The climate challenge should be viewed as an opportunity for the financial industry. After being on the wrong side of history in the financial crisis, it can now redeem itself by being a force for good, and even prospering, in the face of the energy transition. To be sure, this is a tall order. When sustainability is in the frame, public opinion tends to depict investors and financiers as accomplices and authors of greenwashing rather than allies of the energy transition. What is needed for this to change and for the opportunity to be seized? First, it is important to reassess the power of finance. It can be a force for good but is not omnipotent. The financial sector can provide important funding, but capital markets can often be bypassed,…

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I by IMD (Digital) - 1 Issue, 09. March 2023

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