Sustainable Finance

Sustainable Finance

Malcolm X once said that “the future belongs to those who prepare for it today,” and he was definitely on to something. It was true then and it’s still true now. With climate change, heat waves, and wildfires each year, the world should do better. And Fintech is doing just that with sustainable finance!

What is SF?

Instead of being unhygienic and smelly by decreasing the number of times you do your laundry to help the planet, wouldn’t it be better to shop and still save the planet?! Sustainable finance allows you to do just that. It’s basically putting your money towards things you love while also helping the world becomes greener and livable for the next generations! And of course, Fintech is at the heart of it all.

Green Crowdfunding

We know that there are many crowdfunding platforms, however, green crowdfunding is a teeny bit different. It aims to finance environmentally friendly projects and initiatives. Whether it’s renewable energy projects, sustainable agriculture initiatives, or eco-friendly product development, green crowdfunding platforms gives the space to creators and interested donors to invest in them. 

Sustainable banking

Banks play a big part in the UN’s SDGs. Offering sustainable banking solutions is one way to do so. That basically means that banks should keep in mind the environmental, social and governance (ESG) considerations when making investment decisions in the financial sector. As this would lead to more long-term investments in sustainable economic activities and projects. This also led banks to offer more eco-conscious services like green-loans and co-friendly credit cards.

These are just a few ways fintech is shifting the scales and pushing for a more sustainable future. Like the need for reliable and consistent ESG data to make sure that nothing is shady when we evaluate things and the need for regulations that keeps everything in check.