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Why Banks Need To Put Sustainable Finance Clearly In Their Sights

Thursday, December 3, 2020

Why Banks Need To Put Sustainable Finance Clearly In Their Sights

The Fair Finance Asia - SOMO report 'Asia’s Dystopian Future? Why Banks Need To Put Sustainable Finance Clearly in Their Sights’ exposes the environmental and social problems banks in Fair Finance Asia plus countries will create if they fail to make strategic contributions to the environmental and inclusive sustainable development in these countries in the next ten years.

Using forward looking scenarios, the study points out that if banks continue with the 'business as usual' approach of working, it will lead to added risks and costs for the banks themselves, also.

The report also deliberates on the steps that financial sector regulators and financial institutions in FFA plus countries should take to support and strengthen the measures on sustainable banking in the region.

A partner of Fair Finance International, Fair Finance Asia is a regional network of Asian CSOs committed to ensuring financial institutions fund businesses that respect communities' social and environmental well-being

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