WSBI ESBG

Sustainable Finance

WSBI-ESBG  member banks recognise that climate change is one of the main collective hazards ever experienced worldwide.

Move towards sustainable finance

Sustainable finance supports economic growth while reducing pressures on the environment. It tackles pollution and focuses on green-house gas emissions by minimising waste and improving efficiency in the use of natural resources. It is the provision of finance to investments taking into account environmental, social and governance (ESG) considerations. ​​The savings and retail banking model creates growth and jobs as it finances SMEs – ​the EU engines of growth. They also play a role in opening their network to everyone, and help to educate citizens in the region in which they operate.

Our position on Sustainable Finance

Regulatory actions in the financial sector must prioritize the completion and implementation of the regulation developed in the 2018 Sustainable Finance Action Plan and what is provided in the EU Green Deal and the upcoming Renewed Sustainable Finance Strategy. Overlaps and misalignments between regulations as well as misalignments in implementation deadlines of interdependent regulations should be avoided.

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Our latest content on financial inclusion Sustainable Finance