BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Attract less deposits
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Are less valued by investors
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Have less loyal customers
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All the answers are false
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Detailed explanation-1: -Sustainable banking involves strategic planning and execution of banking operations and business activities while taking into consideration the environmental, social and governance (ESG) impact. Banks stand to play a major role in achieving the United Nations’ Sustainable Development Goals (SDG).
Detailed explanation-2: -Triodos Bank is known for its focus on ethical and sustainable finance, investing in projects and organizations that have a positive social, environmental, and cultural impact. This includes funding for renewable energy, organic food production, and fair trade initiatives, among others.
Detailed explanation-3: -This approach is based on certain principles that not only consider profit but also economic and social benefits. The main objective of sustainable banking is to maintain financial and social stability.
Detailed explanation-4: -The ineligible firms are BlackRock, Goldman Sachs, JPMorgan Chase & Co, Morgan Stanley, and Wells Fargo.