Op-ed: How planetary risk is transforming world finance from 'The Banker'
09 DECEMBER, 2024
A new op-ed in The Banker titled "How planetary risk is transforming world finance" argues that from green bonds to nature-based solutions, finance finds growth in sustainability. Written by Marcos Neto, UN Assistant Secretary-General and Director of UNDP’s Bureau of Policy and Programme Support, the piece covers:
- Integrating sustainability into financial systems is essential for mitigating systemic risks, as environmental crises increasingly threaten financial stability and economic resilience.
- Robust internal processes and decision-making frameworks must support sustainability disclosures, ensuring they lead to actionable outcomes rather than superficial reporting.
- Financial institutions can seize growth opportunities by innovating products like green bonds and sustainability-linked loans, aligning investments with nature-based solutions and sustainability goals.
Read the full op-ed in The Banker (sign in required): How Planetary Risk is Transforming World Finance