green finance

fintech jargon

We Gen Z are the most informed, purposed-driven generation yet. Climate change and sustainability are muy importante for us. A new term has been popping up about in the fintech space called “green finance.” It’s our weapon in the fight for a better, more sustainable tomorrow.

Green finance are investments or loans that promote environmentally-positive activities, such as the purchase of ecologically-friendly goods and services or the construction of green infrastructure.

Think of it as using your money to support projects that benefit the planet and people, like renewable energy, clean water, sustainable agriculture, and even affordable housing.

Want to make a difference…?

• Shopping smart: Use your buying power to choose sustainable brands and products.
• Green bonds: You could lend your money to projects that benefit the environment, like solar farms or wind turbines.
• Sustainable banking: Choose a bank that aligns with your values and offers eco-friendly products.
• Impact investing: Start supporting businesses that are making a positive difference in the world. B Lab certifies companies that meet rigorous social and environmental standards, so you can invest with confidence.

Given this a fintech newsletter- it would be remiss me not to mention at least one fintech.

Hence, one amazing example of a fintech that I really admire is Treecard, where you get rewarded for spending on sustainable brands or public transport as well many other offerings. The coolest thing about Treecard is it gives a portion of their profits to Ecosia( a sustainable search engine) to distribute among their tree planters. Ecosia uses their funding exclusively for trees.

Several massive banks have pledged huge amounts of capital towards green finance with:

Morgan Stanley Pledging to mobilize $1 trillion towards sustainable finance by 2030, Morgan Stanley focuses on renewable energy, clean water, and sustainable infrastructure.

JPMorgan Chase Has committed to deploying $2.5 trillion over 10 years to help address climate change and contribute to sustainable development,

BlackRock: BlackRock is the world’s largest asset manager, and it has launched a number of green investment products.

Even smaller banks like Triodos Bank in the United Kingdom; where this ethical bank focuses on financing positive social and environmental change, offering sustainable banking products and investment solutions are doing their part in contributing to a more green future.

Remember, every action counts. Even small changes can make a big difference. Share your green finance journey with your friends, encourage them to join the movement, and together, let’s build a future that’s good for us, good for the planet, and good for everyone.

Originally published at https://aatish.substack.com.