In recent years, the importance of sustainability, ESG criteria, and Impact Investing has undergone a notable increase, both at the corporate and national levels as well as on a global scale. Especially the field of Impact Investing has increasingly become a major subject of research and practice. Unfortunately, there is a lack of scientifically founded knowledge of a uniform and standardized measuring of the impact of fintechs. At the same time, humanity is faced with the necessity of adapting to the limited resources of planet Earth and an unprecedented global trend towards a holistic approach to sustainability has emerged, affecting economic, social, and ecological dimensions. Many different systems, including, but not limited to, transportation, healthcare, education, food, and finance necessitate a fundamental reassessment and reimagining. In view of the task of realizing far-reaching changes within the financial system, impact investments constitute a central leverage point (Wendt, 2018, p. ix). The financial industry assumes a critical role in realizing the objectives outlined in the UN 2030 agenda and the Paris Agreement. Most importantly, digital finance innovations have proven their capability to help enable a transition towards more sustainable business models in the financial sector. However, considerable additional investments amounting to at least $3 trillion each year across the globe, with $1.4 trillion allocated to developing nations, are required for the effective implementation of the Paris Agreement and the achievement of the Sustainable Development Goals (SDGs) (Puschmann et al., 2020, p. 1).

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Introduction to WHY Fintechs Need a Taxonomy

  • Karen Wendt,
  • Mathias Hauser

摘要

In recent years, the importance of sustainability, ESG criteria, and Impact Investing has undergone a notable increase, both at the corporate and national levels as well as on a global scale. Especially the field of Impact Investing has increasingly become a major subject of research and practice. Unfortunately, there is a lack of scientifically founded knowledge of a uniform and standardized measuring of the impact of fintechs. At the same time, humanity is faced with the necessity of adapting to the limited resources of planet Earth and an unprecedented global trend towards a holistic approach to sustainability has emerged, affecting economic, social, and ecological dimensions. Many different systems, including, but not limited to, transportation, healthcare, education, food, and finance necessitate a fundamental reassessment and reimagining. In view of the task of realizing far-reaching changes within the financial system, impact investments constitute a central leverage point (Wendt, 2018, p. ix). The financial industry assumes a critical role in realizing the objectives outlined in the UN 2030 agenda and the Paris Agreement. Most importantly, digital finance innovations have proven their capability to help enable a transition towards more sustainable business models in the financial sector. However, considerable additional investments amounting to at least $3 trillion each year across the globe, with $1.4 trillion allocated to developing nations, are required for the effective implementation of the Paris Agreement and the achievement of the Sustainable Development Goals (SDGs) (Puschmann et al., 2020, p. 1).