Sustainable finance is a growing trend amongst businesses but it can be a complicated service to understand as it is made up of many components.
"A financial centre ensures and improves economic efficiency, prosperity, and economic competitiveness both today and in the long-term.”
The term refers to any form of financial service integrating environmental, social and governance (ESG) criteria into the business or investment decisions for the lasting benefit of both clients and society at large.
A sustainable financial centre is a financial marketplace that, as a whole, contributes to sustainable development and value creation in economic, environmental and social terms.
In other words, a financial centre ensures and improves economic efficiency, prosperity and economic competitiveness both today and in the long-term, while contributing to protecting and restoring ecological systems and enhancing cultural diversity and social wellbeing.