The Responsible Finance and Investment (RFI) Foundation, in partnership with HSBC Middle East Ltd, is working to accelerate the adoption of responsible finance by FinTechs. Through the RFI’s Global Virtual Innovation (GVI) Hub, we are working to bring responsible finance to the forefront of FinTech startups during their early development stages. The goal of the intervention is to equip FinTechs with enhanced capabilities to integrate responsible finance practices across the financial sector in the Middle East.

The Responsible Finance & Investment Foundation (RFI) released today a detailed quantitative study based on 20 years of data confirming the value of combining environmental, social and governance (ESG) data and Islamic investment screens. The study, conducted by RFI Foundation and INCEIF, the Global University of Islamic Finance, found that Islamic screens did not create any systematic performance penalty for investors, and can be complementary to ESG screening practices.

A new report from the Responsible Finance & Investment Foundation (RFI) highlights the significant interconnections between financed greenhouse gas (GHG) emissions in Indonesia’s financial sector. The “Understanding Climate Risks in Indonesia’s Financial System” report provides a top-down analysis of the country’s GHG emissions which shows how financing of agriculture, utilities and transportation are concentrated in banking, fixed income and equity markets, respectively.