Abstract:

Sustainability is becoming the new global currency that provides binding fundamental principles guiding the banking industry toward a long-term viability and societal impact. Banks are increasingly integrating environmental, social and governance (ESG) factors into their operations to align with the sustainable development goals (SDGs) of the United Nations and governments around the world.
This research study is a call-to-action and at the same time an investigation of the sustainability efforts providing the state of play contrasting the stories of challenges and triumphs in the Philippines, Singapore and Australia, showcasing various stages of actions on climate change, societal inequality and environmental degradation. The study also aimed at busting the myths of green washing, exposing how the claims on offering financial products and company efforts are not contributing to long-term gains on the adoption of sustainablepractices.