The financial services industry has an important role to play in moving the world towards a sustainable economy that is less resource and carbon-intensive and less polluting.
It is the responsible and ethical thing to do, but it also makes long-term commercial sense for financial services firms by helping them to manage their own long-term business risks, support their clients’ sustainability goals and shape a favourable policy and regulatory environment.
The University of Cambridge Institute for Sustainability Leadership (CISL) is working with leading banks, insurers and investment firms on three initiatives aimed at building understanding of the risks and opportunities for their businesses of shifting to a more sustainable economy. The three main goals of the CISL are to: better understand the implications of “business as usual”; demonstrate what change is possible today through innovating existing business practice; and identify how the ‘rules of the game’ can be evolved to deliver more transformational change.
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