Nicosia, Cyprus. Eurobank reiterated its commitment to sustainable development and the green transition at the Green Agenda Summit, where it participated for the third consecutive year as a platinum sponsor. The conference was held on June 4 under the theme “Transition as a Responsibility (not a trend)”.
Summit focus
The event brought together academics, senior executives and experts from Cyprus and abroad to discuss the challenges and opportunities linked to the shift toward a more sustainable economy.
It also served as a platform for exchanging views on how the public and private sectors can respond to the demands of the green transition.
Transition and business preparedness
Speakers said the transition should no longer be viewed as a temporary trend, but as a necessity that will lay the foundations for a sustainable future.
They also stressed the need for businesses to show readiness and adaptability in managing the risks associated with the transition process.
ESG targets and banking challenges
Participants highlighted the importance of setting measurable ESG targets to help companies assess risks and performance related to sustainable development.
Discussions on the banking sector focused on the increasingly complex and multi-layered challenges facing financial institutions as they work to align fully with the European regulatory framework.
Eurobank comments
During the panel “Green Transition and Risk Management”, participants described a changing environment for banks shaped by climate change, technological developments, armed conflicts, legal and regulatory requirements, and credit risk.
Speaking on behalf of Eurobank Ltd, Chief Risk Officer Joseph Antoniou said the bank considers the green transition a top priority rather than a simple obligation, because it will determine the sustainable future of both the economy and future generations.