Tariq Noori
Department Head Group Strategy & Sustainability at DZ BANK AG
Sustainable Finance – what is it for you?
Tariq Noori: For me, Sustainable Finance is a holistic approach that affects the entire bank, underlining the need for social and ecological change for financial institutions, clients and the underlying real economy. It has developed to a decade-theme that should not be underestimated.
What do you see as the key to the successful development of the Sustainable Finance movement?
Tariq Noori: The challenge will be to promote this movement holistically and not to pursue one sustainability goal at the expense of another sustainable goal. For example, the protection of human rights in the context of international project financing should receive the same attention as the identification and management of climate risks along one’s own portfolios. For this reason, we in the DZ BANK Group have decided to introduce the Sustainable Development Goals as a holistic approach and framework.
Furthermore I also consider a transparent and open exchange with all relevant stakeholder groups to be extremely important – only through a joint dialogue and a common understanding on Sustainable Finance, we can succeed in the further developed.
What role does DZ BANK play here?
Tariq Noori: We at DZ BANK together with the companies of the DZ BANK Group and the Cooperative Banks are already one of the most important financiers of renewable energy projects. We see our role above all in positively supporting the transformation process of the real economy towards greater sustainability and also in providing advisory.
“Furthermore I also consider a transparent and open exchange with all relevant stakeholder groups to be extremely important – only through a joint dialogue and a common understanding on Sustainable Finance, we can succeed in the further developed.”
What is your personal goal?
Tariq Noori: The topic of sustainability is not only about one’s own reputation, but also about being able to serve growing societal interest and understanding of values with sustainable and coherent product solutions and to be able to actively accompany the transformation of society. I would like to contribute to this understanding personally, as an ambassador.
„In order to stop climate change – the effects of which have long since been noticeable – enormous investments are needed. This is why we are embracing the idea of private capital also being invested according to the principles of sustainability. The Cluster aims at further promoting this movement.“
Hessian Minister of Economy, Tarek Al-Wazir