SUSTAINABILITY
“ Fintechs can enhance transparency by ensuring data accuracy and offering real-time updates on carbon emissions associated with financial activities ”
LAIMONAS NOREIKA CEO AND CO-FOUNDER , HEAVYFINANCE
businesses receive funding , what services are offered that support growth , and they can provide carbon impact information on the purchases and investments of millions of customers .
“ Banks and FS institutions have the potential to drive meaningful change that extends beyond their own boundaries . Banks need to go beyond their own netzero ambitions and look at how they can help to drive the low carbon agenda more broadly .”
Net-zero in Fintech : Status report Despite not seeing a full drive toward net zero yet , Round admits to having seen “ some incredible sustainability initiatives that move us closer to net-zero emissions ” already put in place .
Round adds : “ The Bank of Palestine has been pursuing a Green Loans programme for individuals in rural areas for greater water and energy efficiency .
“ Meanwhile , Bank Australia has purchased a private conservation reserve to protect over 2000 hectares in Western Victoria from any future development .
“ Members of the GABV have implemented a wide range of initiatives , but a collective effort is required to achieve net zero and more action must be taken by all financial institutions .
“ Green initiatives are a positive step forward in the fight to reduce greenhouse
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