{"id":8164,"date":"2022-06-14T17:41:40","date_gmt":"2022-06-14T17:41:40","guid":{"rendered":"https:\/\/gfk-cfs.de\/?p=8164"},"modified":"2022-06-14T17:41:40","modified_gmt":"2022-06-14T17:41:40","slug":"cfs-survey-green-finance-financial-sector-to-play-a-role-in-the-attainment-of-climate-goals-sustainability-is-a-relevant-factor-in-investment-decisions-government-inte","status":"publish","type":"post","link":"https:\/\/gfk-cfs.de\/en\/news\/cfs-survey-green-finance-financial-sector-to-play-a-role-in-the-attainment-of-climate-goals-sustainability-is-a-relevant-factor-in-investment-decisions-government-inte\/","title":{"rendered":"CFS survey: \u201cGreen Finance\u201d \u2013 Financial sector to play a role in the attainment of climate goals \/ Sustainability is a relevant factor in investment decisions \/ Government intervention not desired"},"content":{"rendered":"<p style=\"text-align: justify;\">In light of the growing debate over climate change and its consequences, sustainability considerations are also taking on greater importance in the financial sector. Under the headings \u201cSustainable Finance\u201d or \u201cGreen Finance\u201d, numerous initiatives have been launched to address the financial sector&#8217;s contribution to attaining climate goals. A recent survey by the Center for Financial Studies showed that the majority of the German financial industry (64%) believes that the financial sector could play a supporting role in achieving climate goals. Indeed, 17% of respondents would even attribute a major role to the financial sector. By contrast, 18% of those surveyed do not regard the financial sector as relevant to the climate goals.<\/p>\n<p style=\"text-align: justify;\">\u201cI see great opportunities for the Financial Centre Frankfurt to profit from the growing trend towards sustainable financial products as well as from trading in emission rights,\u201d Professor Volker Br\u00fchl, Managing Director of the Center for Financial Studies, interprets the survey results.<\/p>\n<p style=\"text-align: justify;\">Demand for sustainable investment products (e.g. green bonds) is on the rise. The majority of the financial industry (70%) believes that sustainability will be an important factor in how investors decide to allocate capital in the future. By contrast, 26% of respondents believe that sustainability considerations will not influence investment decisions.<\/p>\n<p style=\"text-align: justify;\">On the issue of how much government influence should be exerted, the German financial industry is fairly unanimous (70%) that no government incentives such as tax relief should be offered for green bonds, nor should regulatory advantages such as lower capital requirements be granted to banks that do little or no business with companies harming the environment.<\/p>\n<p style=\"text-align: justify;\">\u201cBanking regulation should not be overloaded with climate policy goals. Firstly, the financial sector is already subject to a dense network of regulations. Secondly, looser capital requirements for environmentally friendly financing could lead to false incentives that jeopardize financial stability,\u201d Professor Br\u00fchl adds.<\/p>\n<p style=\"text-align: justify;\">Regarding the question of whether a company&#8217;s environmental impacts should be factored into banks&#8217; corporate lending decisions (e.g. through ratings), opinions in the financial industry are rather divided. While 52% of respondents support this approach, 45% are opposed to it.<\/p>\n<p style=\"text-align: justify;\">Hubertus V\u00e4th, Managing Director of Frankfurt Main Finance e.V., emphasizes: \u201cThe results clearly show that the time is ripe and sustainable products are in demand. In addition, they show that further government incentives are not necessary. This is an encouraging sign that today, sustainable products are already competitive.\u201d<\/p>\n<p style=\"text-align: justify;\">_______________________<\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: bold;\">We would like to thank Frankfurt Main Finance e.V. for financially supporting the project. <\/span><\/p>\n<p><a href=\"https:\/\/ifk-cfs.de\/?file:8593\" target=\"_blank\" rel=\"noopener\">Press Release (pdf)<\/a><\/p>\n<p><a href=\"https:\/\/ifk-cfs.de\/?file:8596\" target=\"_blank\" rel=\"noopener\">Presentation (pdf, German)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In light of the growing debate over climate change and [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[131,130,116],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - 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