Finance industry experts have been told that a continued focus
on sustainability in life and investment is coming, and is
irreversible.
Macroeconomist and author Sony Kapoor said sustainability is the
future "whether you believe in it or not".
As keynote speaker at the Guernsey Private Wealth Forum in
London, he said: "The direction of change couldn't be
clearer – carbon taxes, and environment legislation is not
going to get easier, we all know for sure, whether that is within
next six months or five to 10 years, the direction of legislation
is very clear.
"If you do not think that sustainability is going to affect
your top and bottom line, and even your ability to actually stay in
business, you're really kidding yourself. In finance, invest in
these businesses – sustainability is out there, along with
demographics, regulation and technology, as the big secular trends
which will shape future profitability and losses in the financial
sector.
