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If we want to achieve the Paris targets and firmly limit CO2 emissions, a thorough change is necessary. The financial sector also plays a role in this, as does the government.
There are many outdated homes in Belgium that are begging for an environmentally conscious makeover. But most Belgians need some help to make their homes energy efficient. Green loans should encourage people to live more energy-efficiently. In the case of bond issues, it has already been established that the green nature of a bond results in more favorable financing conditions for the issuer.
New services require adapted financing solutions. In this way, the banks can help support the rise of the circular economy by developing new forms of collateral and financing. But before that, a number of legal obstacles must first be overcome.
The socially aware consumer prefers not to invest in activities that are harmful to people, the environment or society. That is why Febelfin, in consultation with the banks, asset managers and civil society, has developed a quality label for sustainable financial products, such as investment funds. With the new label, the financial sector wants to improve and stimulate the range of sustainable financial products.