News

At NFU we are constantly monitoring the development in the sectors, both at Nordic, European and global level. 2019 has been characterized by an increasingly intense focus on sustainability, and particularly relating to the environment and climate change. In the wake of this green focus, another issue has (re)emerged at European level, namely the issue of Human Rights Due Diligence (HRDD).

With sustainable finance increasingly gaining momentum around the world, a number of national and international actors have started to look at the effects that digitalization is having in this context.

In the end of summer, both The Economist and The New York Times headlined articles declaring that big business now are moving from shareholder maximization and towards a broader social responsibility. This following of a statement from the CEO’s of some of the world’s largest businesses, redefining the purpose of public companies. The purpose should no longer be the maximization of shareholder value, but to serve both its shareholders and stakeholders. 

Financial inclusion should be a priority for all governments and the financial sector. Helping to widen the net to those, who up until now, have been unable to access services and products, and being able to make accurate decisions based on those customers’ information, is an integral part of bringing about a more social Europe and giving everyone a fair chance at life.