Introduction
Sustainable banking, also known as ethical banking or green banking, is a concept that focuses on the environmental and social impact of financial services. It is a movement that aims to align the principles of sustainable development with the practices of the banking industry. Sustainable banks prioritize environmental and social responsibility in their operations, investments, and lending decisions.
Why Sustainable Banking Matters
Sustainable banking is gaining importance as people become more aware of the need to address pressing environmental and social issues such as climate change, poverty, and inequality. The banking sector plays a critical role in shaping the economy and society, and therefore, has the power to drive positive change. By adopting sustainable practices, banks can contribute to the transition towards a more sustainable and equitable future.
