gas emissions , but unless all fintechs take the journey to net zero seriously , we won ’ t move the needle .
“ The next challenge for firms is how to prove the impact of these value-driven decisions . How do they measure the outcomes of net-zero initiatives ? How do they show customers what it is really doing ?”
So , while proving the effectiveness of initiatives is a must for fintechs to prove they take net zero initiatives seriously , for Suresh Vaghjiani – CEO and Co-founder of Clowd9 – “ having a plan and route to net zero is a big differentiator ” to achieving net zero , particularly businesses that would struggle to change their business model to achieve net zero .
Vaghjiani believes many fintechs have made a good start to embracing carbon offset , although feels the industry needs more than the “ add-ons ” so far seen to achieving net zero .
A push to net zero is “ perhaps not as systemic as it could be ” according to Vaghjiani .
Fintech : Closing the gap to net zero With Vaghjiani ’ s assessment in mind , what more can subsequently be done to systemise net-zero initiatives into the very fabric of a fintech ’ s operations ?
For Round , banks and fintechs need to do more than simply publish CSR reports expressing their commitment to net zero , but rather , “ weave sustainability into product offerings and give customers a financial incentive to support the transition to net zero ”.
126 November 2023