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Joint CISL–UK Treasury event on growing the green fintech market

last modified Jul 12, 2018 07:28 PM
12 July 2018 – On the third anniversary of Rewiring the Economy, the Sustainable Finance team from the University of Cambridge Institute for Sustainability Leadership (CISL) co-convened a roundtable discussion with the UK Treasury to explore the roles of industry and governments in the development of green fintech markets.

Senior representatives from finance, industry and government participated in the event, which was hosted by John Glen MP, Economic Secretary to the Treasury and City Minister.

Discussing the need to develop markets for emerging financial technologies in line with sustainability goals, the roundtable participants reached key points of consensus around the importance of data integrity and accessibility and of active government support.

Andrew Voysey, CISL’s Director, Sustainable Finance commented:

"The fact that sustainable finance and digital innovation are now converging is a crucial enabling step for businesses globally. This goes beyond classic financial innovation and opens the door to new, more meaningful, roles for the global financial industry."

The backdrop for the meeting was a recommendation from the UK Government’s Green Finance Taskforce, of which CISL was a member, to create a 'Green Fintech Hub'. Its purpose is envisaged as enabling businesses of all sizes, data and solution providers, researchers and government to co-ordinate efforts to accelerate the growth of the green fintech market.

In 2017, CISL convened a Fintech Taskforce that agreed recommendations on how to design innovation processes such that we better harness fintech to help solve sustainability challenges in the real economy. CISL is now working with a range of partners both to develop commercially viable use cases in different sector contexts and to enable strategic development of markets for green fintech around the world.

Read more about our work in Sustainable Finance and Fintech for Sustainability.

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