Achieving net zero is one of the biggest challenges for financial institutions and large banks today.
In fact, many companies were on the path to sustainable functioning years ago, before the arrival of the COVID-19 pandemic shifted attention to immediate liquidity issues in turbulent times. He announced his drawing plan.
But as the economy begins to stabilize, achieving net zero is once again firmly on the agenda for the world's largest financial institutions.
Sustainable finance: a top priority
Most recently, HSBC announced a bold new net zero transition plan, which it aims to achieve by 2050. HSBC has already started doing so, partnering with Google Cloud to support climate technology startups in the Google Cloud Ready – Sustainability ecosystem.
Sustainability affects every corner of the financial ecosystem, not just big banks. In fact, a commitment to net zero in payments is becoming increasingly important to consumers, with a recent Worldpay survey showing that 73% of all shoppers are likely to contribute to sustainability and the environment in the future of where they shop. It turns out that the answer is yes.
Gabriel de Montesse, Head of Global Enterprise at Worldpay, said in exclusive comments to FinTech Magazine: Promote a sustainable payments ecosystem. ”
The main pipeline for this collaboration is certainly fintech. Startups like ecolytiq are working to help financial institutions provide carbon footprint tracking and consumers to see the environmental impact of their purchases.
David Lais, co-founder and CEO of ecolytiq, tells us more at Money20/20 USA 2023.
