Grade 12: Sourcing and Sustainability

  1. Sourcing and Sustainability

Financial institutions such as banks play a significant role in the promotion of sustainable economic and social development based on their capabilities (Garanti BBVA, 2018). Awareness and positive attitude have been created in the financial industry towards the transformation of the planetís social, environmental, and governance issues, with the introduction of new frameworks, financial products, initiatives, and the increasing utilization of risk filters and impact investing. The increased realization for the need for sustainable finance covers all the pillars of sustainability; social, environmental, and economic pillars and is linked to the location and production supply chain drivers. This development though is faced with many barriers as various locations (nations) lack adequate environmental and information technologies, nature conscious structures, and new systems of energy.

To realize environmental, social, and governance sustainability, b...