Cyprus banks call for government support and regulatory alignment to drive a successful green transition. They stress past collaboration between banks and the state and urge integration of Environmental, Social, and Governance (ESG) principles into banking strategies. The European Central Bank supports emission reduction efforts, while Cyprus banks aim to align with EU Green Deal objectives.
Collaboration between private and government sectors is crucial to achieve common ESG goals and promote sustainable finance. Banks play a pivotal role in this transition, undergoing digital transformations to meet emission reduction targets and advance the green agenda.
