OPINION | Philippine fintechs are more than ready to advance the global ESG agenda By Kirill Kalashnikov READ:
nancial technologies have created a stellar track record in providing positive impact on the lives of Filipinos.ntech directly contributes to society is its growing role in advancing ESG principles.
In Asia, the penetration of ESG investment among wealthy investors this year may more than double, already up to 70% . On the other hand, compared to Western countries, Asian businesses are clearly lagging behind in ESG development, even causing concern on the part of some researchers . Aside from ESG principles being an effective way to attract investments, these data sets make it clear that more Filipinos continue to go beyond the simplicity, convenience, and accessibility offered in choosing its roster of day-to-day fintech services such as e-money services, digital lending and basic savings accounts.
Within organizations, practical starting points could be the integration of environmental concerns and impact into its decisions and activities, promoting the reduction of waste and recycling, purchasing products and services that do the least harm to the environment, training and educating employees on environmental matters, and communicating its environmental commitments to the customers.
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