Sustainable finance deserves top priority
Blog by Joukje Janssen, Partner Sustainability & Responsible Governance bij PwC
Many Dutch financial institutions see opportunities in sustainable finance, but implementing it in actual practice often remains problematic. Banks, insurers, asset managers, and pension funds that now express the strategic aim of being a leader in sustainable finance can position themselves as front-runners in the sustainable financial sector of the future.
Sustainability is a subject rising on the agenda of the financial services sector. Clients ask for it, legislation requires it. Moreover, society calls upon the financial services sector to contribute to a sustainable future. Banks, insurance companies, private equity and other market players are seen as a crucial factor to finance and realise the transformation to a sustainable economy.
The financial sector is increasingly prepared to face the ‘green’ challenge. This forces institutions to cope with complicated issues and questions. How to be differentiating with sustainability? How to measure, report, and steer on sustainability? How to ensure sufficient financial return? How to operationalize sustainability throughout the organization?
Within the financial market, many organisations are not fully equipped to find and make sustainable investments. The inclusion of ESG (Environmental, Social, Governance) criteria in their investment process is new. For example, how can you find a way through various labels and quality marks? How to understand and manage ESG risks and opportunities? How to find responsible goals for profitable growth. How to monitor and report? To enhance strategy, unlock value, and build trust we will have a constructive and transparent dialogue with you and your stakeholders. We help you by:
Our services are designed for financial institutions and capital markets. We help you navigate the complexities of mapping opportunities and risks relating to sustainability. Our services include:
The Dutch Good Growth Fund - Financing Local SMEs - (DGGF) – is an initiative of the Dutch government to stimulate entrepreneurship and create jobs in frontier markets. Amongst other things, PwC acts as the environmental, social and governance (ESG) manager, enabling the fund to maximize its impact on the ground, while keeping ESG risks at bay.
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