Report: Safety in numbers – levelling the playing field for green finance
Over the past 18 months, financial services firms have turned up the volume on green finance in the form of new commitments, new products/funds/investments, new job functions and data gathering.
According to TLT’s new report, Safety in numbers: levelling the playing field for green finance, more than half (55%) of firms say green finance is “critical” or “very important” to their business. This rises to 62% of lenders, falling to 52% of asset managers and 47% of VC and PE firms.
But the report also reveals that cost is a major challenge for firms, and that more incentives and support for the industry is needed to ensure a pace of change commensurate with the speed at which financial services needs to align itself with the environmental crisis.
It also appears that firms are looking around the room, so to speak, wanting more clarity on what’s needed and where the industry is heading so that they can more confidently invest in what will eventually become a mainstream offering, with all finance having at least an element of green.
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