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Nicole Anderson, MAFH Board Member and Managing Partner of Redsand Ventures, participated in this webinar to share her views on sustainable finance, innovation and green transition by large corporates on the 10th November 2020.

In essence, sustainable finance refers to the financial services sector integrating its ethos, products and services around the models that are protecting the environment, serving the community and being transparent in undertaking a greater level of scrutiny by the public, regulators and stakeholders in terms of governance. Sustainable finance is an umbrella term that is the key consideration of Environmental, Social, and Corporate Governance (ESG) and, according to Nicole, sustainable FinTech will be the major catalyst for the financial services industry to achieve sustainable finance transition.

Considering the impact of climate change on the planet, Nicole underlined that sensitization and technical education with capital allocators are crucial for SMEs, investors, industries as well as large corporations to embrace financial sustainability. She explained that sustainable finance is a connective tissue in helping us to transition to a net zero carbon world as envisioned by the Paris Agreement of 2015 to keep global temperatures below 1.5 to 2 degrees increase by 2030. Therefore, the threat that climate change represents is urging the financial industry and large corporations to lead the way from the top towards sustainable finance, while emphasising the need to transition to greener areas of production.  

Nicole highlighted that sustainable finance is here to stay and that was proven by the 2008 financial crisis, which led FinTtech to boom as it continues to drive opportunities. Summing up, Nicole concluded that regulation and innovation can come together to build and sustain a climate friendly mode of investment for the greater good of the planet.  

Watch the video of the webinar here: