Mindfulness: enabling a mindset for sustainable finance?
Financial firms are increasingly looking to mindfulness training as a way to improve staff well-being and performance. But could it have broader implications for the future of finance?
Read the Article by Dan Nixon.
Sustainable investing “must go mainstream”, urged Mark Carney, Governor of the Bank of England, earlier this year.
Since then, the stream of claims about putting sustainability issues at the heart of finance continues. Christine Lagarde spoke last week about making climate change a “mission-critical” priority for the European Central Bank. At a conference on Ethical Finance in October, meanwhile, political and industry leaders repeatedly called for a new paradigm in finance, with Gary
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?
”People are not aware about their habits …”,
…the Swedish activist Greta Thunberg introduced an interview a few days ago at the climate summit in Vienna. A key sentence, not only with regard to climate change, but also the reference to the special role that mindfulness can play in sustainable investing and consumption. But one after the other.
The topic of sustainability has also reached the financial sector.
Finally! Banks, investment funds and insurers are managing huge amounts of capital, which are now to be used in a more focused way ”for a more environmentally friendly and
What do you feel when thinking of your financial matters or your money? Concern? Happiness? Stress? Anxiety? Appetite for more? Feeling guilty? Or do you feel nothing at all? And does your financial advisor know about – above all, what drives himself unconsciously? Money and thinking in money is a highly emotional issue,” the Future Institute states in their current trend study “Money-Brain: Tomorrow’s cultural technology of paying” (March 2017, in German language only, sorry). Highly emotional – how true it is!
But what do you do?