Since December 2023, the sustainable finance ecosystem has undergone significant changes, as have our society, planet, and economy.
We are at a tipping point in combatting increasing climate change, nature loss and social catastrophes. In 2022 alone, 32.6 million people were displaced by weather-related disasters, surpassing even those uprooted by conflict. These events not only have devastating human costs but also immense financial consequences. Extreme weather and climate-related events caused EUR 50bn in economic losses to EU Member States in 2022.
To address these challenges, continuous action is essential. Most importantly, we must redirect financial resources to initiatives and projects that foster and integrate a just and sustainable future. This is where sustainable finance comes in.
Partner, Global AWM Market Research Centre Leader, PwC Luxembourg
Tel: +352 49 48 48 2191