Sustainability

The European Commission estimates that in order to truly manage climate change mitigation, we will need to invest an additional amount totalling several hundred billion euros. The banks will have a key role to play, acting as lenders, risk managers, consultants and sparring partners for businesses. However, the green transition cannot be managed by the financial sector alone. We must all work together to overcome one of the greatest challenges of our times. That’s why we work closely with the government, the real economy and civil society. Together, we aim to discover workable solutions, including market economy instruments as well as practical approaches and effective regulation to provide Europe with a sustainable advantage. On that note: the Association of German Banks supports the United Nation’s Principles for Responsible Banking.