together a global group of banks ,” says Sharma , “ currently representing over 40 % of global banking assets , which are committed to aligning their lending and investment portfolios with net zero emissions by 2050 .
“ These pledges signal the financial industry ’ s recognition of the importance of sustainability .”
He adds : “ In a world that is rapidly shifting to a net-zero economy , achieving net zero carbon emissions is high up on the agenda for a growing number of fintechs .
“ FinTech sits at the apex of two net-zero enablers – financial services and technology . Many fintech companies across the globe have already made commitments to become carbon-neutral or achieve netzero emissions by specific target years .”
Despite the wide-ranging belief that fintechs sit on a path to sustainability , it is not a ubiquitous point of view . Co- Founder of SaaScada , Steve Round , feels that achieving sustainability “ isn ’ t happening ” right now .
For Round , “ sustainability and the measurement of environmental impacts must become a higher priority if FS firms want to move the needle and achieve net-zero emissions for themselves and their customers .”
He adds : “ It ’ s also important to consider our financial systems ’ unique position in the world economy – they control which
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