Finance And Capital Markets Economics

While major duty for addressing environmental damages similar to biodiversity loss rests with governments, the financial sector has an important complementary function to assist determine and handle nature-related dangers. In Switzerland, the government carried out voluntary assessment of private financial institutions’ climate alignment using theParis Agreement Capital Transition Assessment methodology in 2017, 2020 and 2022. The program has been well-received by the financial industry but in terms of driving change the outcomes have been mixed, with financial establishments still falling behind their stated climate objectives and techniques. Sustainable finance has a key role to play …