Focus. Sustainable Finance
Economy, work and organisations
Competition and markets
Accelerating the Transition: Financial Services Must Also Do Their Part
In the last two years, the increase of social disturbances, the growing attention to climate change, and the need to act on environmental, social, and governance (ESG) issues, has attracted attention from companies in all sectors. Financial services companies are also called on to catalyze and accelerate the transition toward a new economy, based on ecosystems that satisfy the needs of all stakeholders. Among the principal tasks they must address, there are the needs to: facilitate the exchange of value and liquidity; provide a means for secure storage of wealth; offer mechanisms to manage risk; facilitate investments between multiple parties; and maintain trust and the trust to drive economic growth. Financial services companies must also begin to collaborate with politicians, civil society organizations, technological companies, logistics suppliers, producers and various other public and private actors across the economy.