Making Finance Sustainable

“It’s better to look ahead and prepare than to look back and regret”. – Jackie Joyner-Kersee

Ai Stock photos by Vecteezy

In a time where sustainability is becoming increasingly important, the world of finance has turned its attention to improving sustainability across all sectors of finance.

Why sustainable finance is important:

As many argue that finance really is at the heart of everything, those in the finance sector have had to take the initiative to start thinking more environmentally. Whether this involves investing in renewable energy projects, changing the way that businesses source their products, or aligning with ESG Criteria, all these measures contribute to the goal of becoming a more environmentally friendly planet.

Examples of Sustainable Finance:

Sustainability in finance is often linked to ESG (Environmental, Social and Governance) finance. Green bonds are one source of financing. Green bonds ensure the funds raised are being used only on environmental projects. Investors who invest in these green bonds are aware that their investment is benefitting the environment, leading to an increased demand for these sustainable investment projects.

Large businesses are committing significant sums of money towards investment into sustainable finance. Take Goldman Sachs for example, who in 2019 announced to invest $750 billion in climate transition over the next decades. This included addressing climate issues, while investing in evolving trends.

How YOU can save whilst being sustainable:

There are so many ways that you can save money while being sustainable at the same time! Some ways you can live sustainably include:

• Using reusable products – Swap out the disposable items in your home with more sustainable, high quality, long-lasting products, saving you money in the long run!
• Resell the furniture, clothes and technology you no longer use. In fact, there are loads of online platforms you can use to sell your goods – sustainable AND making money!
• Shop second-hand: Use online stores like Vinted and Depop to purchase clothes and other goods for cheap, whilst benefitting the environment.
• Make environmental life changes: Swap that car for an electric bike, install some solar panels, or even take shorter showers to do your bit for the environment!