In 2014 sustainability-focused banks continue to show that serving the real economy delivers better financial returns than those shown by the largest banks in the world. These sustainability-focused banks address the very real needs of enterprises and individuals within their communities for banking services, especially credit. The success of their banking approach is verified by independent research. There is also increased evidence of the support for sustainability-focused banking from regulation in developing markets such as Peru and Nigeria, and elsewhere. The data is clear: making the business case for sustainability-focused banking compelling. So why aren’t all banks adopting this model? The reasons are many, ranging from: inertia and the power of the status quo; a lack of courage by banking executives and shareholders in changing course; limited awareness of the data that reports like this provide. However, there is growing recognition of the need for a change in how banks behave and operate that over time should result in the growth of sustainability-focused banks within the overall financial ecosystem.
Global Alliance for Banking on Values Proves There’s Profit and Positive Impact in Sustainability-focused Banking. Read more.
Read the full report here.