A lesson for 2021: Economic outcomes depend on finding social and environmental balance

Responsible finance was gaining traction before Covid in Islamic markets; it went mainstream in 2020Uncertainty about what the 'new normal' will look like brings economic planning horizons in line with those needed to address major social and environmental issuesPrioritising short-term profits at the expense of social and environmental impact is becoming economically unsustainableThe best approach for financial institutions to manage that uncertainty is to seek out a sustainable balance between economic, social & environmental impacts

Despite or perhaps because of the chaos of 2020 driven by the global coronavirus pandemic, responsible finance made a big step forward both globally and within Islamic markets. The importance of environmental, social and governance (ESG) and...