Status Quo and Innovation
Transparency is key to fostering an understanding of green and sustainable finance – both among financial sector players and the broader public.
To position the Cluster, demonstrating opportunities and risks related to sustainable finance, as well as possible consequences for financial institutions regarding regulatory and other requirements, is of crucial importance.
In addition, physical risks – such as damages resulting from climate change due to increased or more intense weather events or rising sea levels – and any liability questions tied to those, are to be considered. Against this backdrop, the Cluster is working on outlining the current green and sustainable finance activities on the German financial market within the scope of its defined area of action “Sustainable finance – status quo and innovation.”
This overview is designed to allow comparison with other financial centres around the world, accounting for the individual requirements of the German economic and financial system, and to serve as a conduit for identifying further development and innovation potential.
„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.”
Hessischer Wirtschaftsminister, Tarek Al-Wazir