Focus on sustainability solutions: Point Zero Forum 2024

The Point Zero Forum (PZF) in Switzerland brings together experts from finance, politics and technology to discuss the future of finance and to exchange ideas and developments.

Focus on sustainability

This year, the focus was on sustainable solutions. Our digital identity expert, Dr. Andre Kudra, participated in a panel discussion focused on achieving the Sustainable Development Goals (SDGs). Here are the key takeaways:

1. Progress and challenges:
   Participants shared insights on current developments and challenges in implementing sustainable practices, emphasizing the importance of collaboration between the public and private sectors.
2. Improving data quality:
   A key issue identified was the poor quality of data used for sustainability reporting. Discussions focused on improving data quality through standardized systems and formats.
3. Developing new market mechanisms:
   Proposals were made for new market mechanisms based on accurate, automatically generated data. These mechanisms aim to reduce the cost of verifying sustainability data and improve its usability.

Global initiatives

Another highlight was the Savannah Project, a global initiative to improve the tracking and financing of climate goals. Launched at the Singapore Fintech Festival, this project underscores the importance of global collaboration.

Conclusion

The discussions at Point Zero Forum 2023 underscored the growing importance of sustainability in the financial sector. Better data and global collaboration can reduce costs and improve efficiency. Our expert emphasized that collaboration across sectors and countries is critical to achieving sustainability goals.