Items tagged with TAXONOMíA

The article emphasizes the need for the financial system to be aligned with the necessary transition towards a more sustainable economic model. While sustainability has different dimensions (including social and governance), we concentrate our efforts on climate change, as it has attracted the need for urgent actions by financial markets and institutions, on ground of financial stability.

Transparency is a key tool to promote market discipline in the financial sector, allowing investors and users to better understand banks, compare and make informed decisions. The publication of information on environmental and climate change-related, social or governance aspects has gained increasing relevance as a tool to promote the role of financial institutions in financing investments that may contribute to a sustainable economy, and to highlight the need for banks to develop appropriate risk management frameworks.