Harmonized classification is vital for sustainable finance
To reach our goals for a greener future transition in the financial sector towards sustainable finance became mandatory. Several steps are showing that the banking industry is reacting to these requirements like Europe’s largest bank HSBC did. In cooperation with ShareAction they committed themselves not to directly finance new oil and gas fields. There is Barclays as well with its strong dedication to significantly increase sustainable financing.
The energy transition and green technologies requires vast scale of finance. Uphill battle is the evaluation and life cycle tracking of the projects financed and transparently keeping them sustainable.
All stakeholders are developing their own decision methods, criteria systems, and plans like Barclays Sustainable Finance Framework. This trend is showing that the cogs are moving, but using different frameworks may lead to deprecated evaluation and project reports with data aggregation and transparency unworkable.
We at Sinegon Technologies think that harmonized energy and mineral resource policy framework, evaluation of financing, industry business process management and sustainable capital allocation is the green future. Our RP Cloud Platform is the common ground of sustainability. The UNFC standard, sustainability , socio-economic viability, environmental protection, clear evaluation and project life cycle tracking is hardcoded.
