SUSTAINABILITY
ACHIEVING NET ZERO : A FINTECH PRIORITY
Achieving net zero is one of the most important considerations for corporations globally . We track the progress of fintechs in achieving sustainable goals
WRITTEN BY : LOUIS THOMPSETT
The need to reach net zero has never been more pressing than it is today . COP19 laid the groundwork for achieving this aim across markets , but how difficult will corporations find reducing carbon emissions to nothing ? How much more difficult still , is this for burgeoning industries like fintech ?
We look at the challenges the fintech industry faces in achieving this aim , its successes so far , and the impact of carbon tracking fintechs on supporting financial services providers and institutions in achieving the very same goal : net zero in finance . CEO and Co-Founder of HeavyFinance , Laimonas
Noreika , believes that “ achieving netzero carbon emissions is now at the top of the agenda for many fintechs ”, with growing societal and regulatory pressure helping fintech recognise the importance of aligning their operations with sustainability goals .
“ As sustainability becomes a competitive advantage and regulatory necessity , fintechs are actively positioning themselves at the forefront of the net-zero movements in the financial industry ”, adds Noreika .
The industry ’ s commitment to achieving sustainable growth is a view upheld by Kris Sharma , Financial Services Sector Lead at Canonical , citing the UN-convened Net-Zero Banking Alliance . “ This brings
122 November 2023