SUSTAINABLE BANKING
However , the speed at which banks overcome these obstacles is not fast enough for ekko CEO Oli . “ We need to move faster ,” he says . “ As an industry , we need to be bolder and move faster if we are to achieve our ambitions and deliver on what our customers are rightly expecting of us .” But how to force greater speed ? For Dr Alexander , it ’ s a mindset change : “ The financial services sector must take a long-term view in their decision on how to proceed with their sustainability goals .
“ When considering the long-term consequences of their choice , it becomes apparent that there is only one feasible way forward – the path of proactively engaging in the net-zero transition .”
He concludes : “ There are many institutions currently incentivised to aim for short-term gains , which threatens a timely net-zero global economy transition .
“ While some financial institutions have taken proactive steps towards sustainable banking , achieving unanimous agreement may be challenging due to the competing interests of stakeholders and the lack of a globally aligned incentive structure set forth by regulations .”
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