“THE TRANSITION TOWARDS GREEN ENERGY IS A DOUBLE-EDGED SWORD DURING THESE TIMES OF ENERGY INSECURITY ”
MIKE PENROSE CO-FOUNDER AND PARTNER , FUTUREPLUS largest factors in calculating a bank or financial institution ’ s carbon footprint . Many are already using sustainability as a criteria before agreeing to finance some investments ; the world ’ s largest banks , for instance , no longer bankroll new , coal-based power plants .
“ Many of the major private equity , sovereign wealth , and pension funds are already – or planning to – reduce their investments in non-sustainable companies , so efforts are already underway ,” Mike Penrose says . “ We expect that this will increase the pressure on the wider financial community , including banks and other lenders , to follow suit . fintechmagazine . com 99