Business Chief Europe Magazine December 2023 | Page 63

SUSTAINABILITY

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Defined by the World Economic Forum as any structured financial activity created to ensure a better environmental outcome , green finance – also known as sustainable finance or climate finance – is firmly in the spotlight as countries across the globe attempt to play their part in the fight against global warming .

Clearly , conversation was amplified by the Paris Agreement of 2015 , which reaffirms that developed nations should take the lead in providing financial assistance to those “ less endowed and more vulnerable ”.
From a business perspective , the pressure is on companies big and small
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