Sustainable Finance: Only Way is Up
By
Raffaele Prencipe
Published January 25, 2021
|
10 min read
“Climate finance and risk management is moving into the mainstream. There has been a transition in thinking. And this is now beginning to be translated into action,” former BoE governor Mark Carney recently said. The COVID-19 pandemic has led to a step change in Finance in terms of its alignment with the United Nation’s Sustainable Development Goals (SDGs), with an increased focus on social issues and decarbonization. The awareness is there, but to accelerate the reallocation of capital for the transition to a low-carbon and more inclusive economy, the bond market could be key in helping financial institutions integrate ESG at the core of their business.
Whether it’s disclosure, regulation, reputation, loans and investments – or risk - expect some big changes in the months and years ahead. RBC’s latest ‘Sustainability in the financial sector’ report explains what could make the bond sector the engine of sustainable finance.
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Raffaele Prencipe
Credit Trader, RBC Capital Markets
Raffaele is a Credit Trader at RBC Capital Markets. Based in London, he works with traders, research analysts and salespeople to provide liquidity in corporate bonds to investors around the world. Raffaele has 12 years of industry experience and prior to joining RBC in February 2016, spent 6 years with BNP Paribas, and before that also worked for Citigroup and JP Morgan. Raffaele holds a Master of Science in Finance from Bocconi University. He volunteers by leading nature regeneration projects in London green spaces.
COVIDCoronavirusESGSustainable Finance
