BRUSSELS, 27 June 2017
The recent creation of the EC expert group on sustainable finance has put this topic in the limelight at European level. However, savings and retail banks have a long tradition of social responsibility, as illustrated by their numerous social commitments and their specific governance. In the area of green finance, due to their proximity to households and SMEs, they could also play a prominent role provided that the decision makers, both at international and European levels, give them the possibility or the endeavours to do so. Sustainable practices should be local first and savings and retail banks can offer their network, their expertise and their support in order to achieve what will benefit society as a whole. The shared values of Europe's savings and retail banks have sustainability at their core, and offer investment opportunities in buildings and infrastructure to reduce their carbon footprint and provide a greener world for the future.
Timothy Bishop, Senior Advisor, Financial Affairs Division, OECD
Robin Edme, Senior Policy Officer Green and Sustainable Finance at the European Commission
Michael Schmidt, CFA, Memeber of the Board of Deka Investment, GmbH
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