SHOULD BANKS PRIORITIZE SOCIAL IMPACT?

In a dynamic discussion, experts explore the evolving role of banks in prioritizing social impact alongside financial goals. They emphasize the importance of integrating social KPIs, despite challenges in balancing short-term profits with long-term sustainability. The conversation highlights the role of technology and data in enhancing transparency and measurement of social impact. Panelists discuss the necessity of persuading stakeholders to look beyond immediate financial returns and consider broader societal responsibilities. They acknowledge the increasing demand for sustainable financial products, such as green bonds, and the role of international guidelines in shaping industry practices. The discussion concludes with a forward-looking perspective on how the banking industry will evolve over the next decade, driven by corporate social responsibility and sustainability.