Sustainable Finance needs a new mindset
Hey bankers, watch out! Times are changing. ”I dare to assert that in the long run only a credit institution that is committed to sustainability can survive in the market,” says Raimund Röseler, executive director banking supervisory, at German Financial Markets Supervisory Authority BAFIN, ”Institutions that do not adapt may not be able to find investors, customers and young and motivated employees in the long term.” (Article quoted at present available in German language only, check out BaFin website)
And additionally: where are the 180 billion euros a year supposed to come from that are needed in Europe alone to achieve the Paris climate protection targets?