What is a Green Finance Strategy and why is it essential for your enterprise?
In stark contrast to five years ago, sustainability and climate-change risks are very high on the corporate agenda these days. It has become a priority for enterprise communication and chief executives. So, we can see today how institutions increased their green commitments in 2020, compared to 2019. At a more granular level, in 2020, cumulative green finance commitments surpassed the $1 trillion mark since the Paris Agreement was signed. This is a major milestone, which materializes the ability to deliver on unprecedented flows of green finance. Adaptation finance continued to grow, increasing by 42% over 2019 and more than fivefold compared to 2016 to reach $27.5 billion. Here comes the questions: why is there a growing interest in green finance strategy and what does it mean for your company?