The past 18 months have seen many institutions commit to promising a net-zero carbon output, and there is growing recognition as to why this has become important. Institutional investor’s influence over the transition to a lower carbon economy has grown as they allocate and attract more capital to strategies which invest in line with ESG principles. During day three of the Singapore FinTech Festival there were several discussions around the key role of banking institutions in delivering sustainable financial services.
Notably, Zoë Knight, Managing Director & Group Head of the HSBC Centre of Sustainable Finance, HSBC, in the “Roundtable in Partnership with Ecosystem: Scaling Sustainable Finance for a Green Recovery” session, described the need for banks to collaborate with the public sector and other financial institutions on scaling sustainable financing and investment to realise the goal of net zero.
Below is a summary of the key insights: