Virtual Panel: Financial materiality: directing capital for a green recovery

Financial materiality: directing capital for a green recovery As the financial materiality of environmental and social issues becomes increasingly evident, the global banking system needs to be resilient to environmental and social risks and harness the power of banks to address sustainability challenges such as climate change whilst continuing to drive the momentum towards a low carbon global economy a post pandemic. • The banking industry has a responsibility to direct borrowers or companies to become more sustainable in particular SMEs • Policymakers need to collaborate more with the banking sector to drive the green economy and develop a global taxonomy • How can investors better align with TCFD recommendations?