Investment Banks Adopting Sustainable Investments Fast Enough?

In an industry under constant scrutiny and pressure to deliver results to investors, clients, and other concerned parties, and given the increasing abundance of socially-conscious stakeholders, the shift toward sustainable investment strategies across the financial services industry has been of utmost importance than ever. Many of the most global investment banks have contributed to this: such as the European Investment Bank Climate Awareness Bond in 2007, Goldman Sachs investing $750 billion toward sustainable finance, and Citi Citigroup also investing $1 trillion to sustainable finance by 2030.

However, from an environmental perspective, there has been growing concern towards climate change: where recent research has recorded temperatures increasing as fast as 1.5 to 2 degrees Celsius per year – such rises that are causing climate change risks to a concerning rate. Therefore, are banks adopting sustainability fast enough to target ESG-related concerns efficiently?

WSFS IB - Investment Banks Adopting Sustainable Investments Fast Enough.pdf

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