The world’s most innovative businesses offering tech solutions to address challenges or opportunities faced by financial institutions in the areas of climate risk, sustainability, social responsibility, and governance were named today, September 28th, 2022, on the ESGFinTech100 list.
One of these innovators is the Swedish FinTech Deedster, which enables the shift to a more sustainable world.
The pressure on financial institutions to adopt sustainability goals has increased rapidly over the last year, driven by consumers’ rising demand for ESG products and the introduction of new regulations and reporting standards aimed at stamping out greenwashing in corporate disclosures.
As a result, the number of tech companies addressing challenges or opportunities faced by financial services organizations in the areas of climate risk, ESG assessment, sustainability, social responsibility, and governance has exploded over the last year. Investment in the sector hit $1.17bn in 2021, growing at a CAGR of 173% over the previous two years.
The ESGFinTech100 identified the 100 most innovative tech companies every financial institution needs to know about as they consider and develop their ESG assessment and performance improvement strategies. One of the tech companies to monitor is the Swedish FinTech Deedster.
“We are humbled to be selected as the top 100 innovators in this space and that our digital solutions stand out internationally. The financial institutions will play a major role in the climate transition, and we are here to assist them to enable a shift to a sustainable world by reimaging the future of digital banking.” Monika Martinsson, co-founder of Deedster.
The standout companies were chosen by a panel of industry experts and analysts who reviewed a study of over 500 ESG tech companies undertaken by FinTech Global, a data and research firm.
The solution providers making the final list were recognised for their innovative use of technology to solve a significant industry problem or their impact on ESG imperatives and/or sustainability enhancements generated for clients.
FinTech Global director Richard Sachar said, “Banks that adopt ESG across their business model will be better positioned to engage and retain clients over the coming years. This can turn into a competitive advantage – and a source of new revenue streams. The ESGFinTech100 list helps senior management filter through all the solution providers in the market by highlighting the most innovative ESG tech companies in the world.”
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