Sustainable finance - an increasingly relevant topic in the financial sector

Challenge and opportunity for the financial sector

23 August 2024

Barbara Sobkowiak

Data Scientists - Project Head

Reading time

min

Sustainability in the financial sector is the responsible use of money. But what does that mean? It refers to the requirement to make financing and investments in line with environmental and social concerns and with a view to responsible corporate governance (ESG for short). The aim is to design the financial system in such a way that it minimises the long-term impact on the environment and society, protects natural resources and at the same time enables good economic development.

As an important intermediary for cash flows, the financial sector plays a crucial role in promoting sustainability. The aim of sustainable finance is to generate a positive impact on the environment and society. To this end, banks have a wide range of instruments, products and strategies at their disposal that aim to achieve a positive environmental and social impact.

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