Over the past years, the financial services industry has
changed, but instead of solely looking backwards at our progress,
we are shifting our attention to five trends and developments that
will shape the future of financial services in Malta and
beyond.
ESG versus Greenwashing
Without a doubt, environmental, social and governance (ESG)
topics will continue to gain in importance in the years ahead.
Globally, the number of ESG regulations and standards has nearly
doubled in the last five years, and since the Covid-19 pandemic,
ESG has become an even more important subject as it is not only
seen as a way to do well but also as a way to mitigate risk in the
long term. While sustainable finance is a growing sector, and more
and more financial firms in Malta as elsewhere are starting to
measure and disclose their ESG impact, a key challenge going
forward will be to combat greenwashing. We are seeing that
investors, regulators and the general public are exercising
