The financial market has seen strong growth in recent years in sustainable and responsible investments and financing instruments that consider sustainability impacts, including offering more affordable rates based on the achievement of defined and measured goals.
The European Union has given an important impetus in this direction with the adoption, in 2018, of the Action Plan for Sustainable Finance, which outlines strategies and measures for the realisation of a financial system capable of promoting sustainable development, contributing to the implementation of the Paris Agreement on climate change and the goals the United Nations 2030 Agenda. The Plan recommends ten actions to be taken at European level to encourage the channelling of financial investment towards a more sustainable economy, consider sustainability in risk management procedures, and strengthen transparency and long-term investment.
Sustainable finance represents a very significant lever to support the investment plan envisaged in Iren Group’s strategic plan to achieve the planned ESG objectives.