Sustainable finance is a rapidly evolving area that is now at the front and centre of priorities for financial institutions globally. Financial institutions cannot continue to lean on the repeated mantra of being on a journey as we enter 2022. To overcome the inertia, the industry needs to address three major challenges that are hindering progress on sustainable finance. Financial institutions need to educate ourselves better in terms of understanding — for instance, the importance of primary forests, peatlands, workplace safety, community empowerment as primary issues. Importantly, financial institutions need to empower and take lessons from local heroes working on the ground.

Source: The Edge Markets February 27, 2022 03:39 UTC