The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Responsible finance: All banks dictate outcomes – and other Davos news

There were many things declared at Davos this year that would lead us to believe that sustainability is now embedded in every decision a bank or investment manager makes. Here are some great examples that show 2020 is starting on a positive track.


My favourite announcement at January’s Davos World Economic Forum 2020 was the launch of the Future of Sustainability Data Alliance with the likes of Refinitiv, the Climate Bonds Initiative, the Global Financial Markets Association and many others spanning academia, policy-setting, NGOs and fintech around the world. 

Its goal is to consolidate social and environmental data for the capital markets, to highlight gaps in the data and understand what will be needed as standards are set.

It’s a huge relief because we have reached a point where data has become fractured. It’s also refreshing to have such an early commitment to develop data in a way that will be useful. Sherry Madera, global head of industry and government affairs at Refinitiv, points out that 90% of the data in use now has only been around for the last two years. 

As it develops, “we need to think about what will be needed to satisfy regulators and investors in the years ahead,” she says. 

It is this quest for standardization that the financial and regulatory communities are all longing for in sustainability. 

That quest has also obviously been playing on the mind of Bank of America chief executive Brian Moynihan.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree