Skip to main content

Daily Inspiration Quote by Mark Carney

"A sustainable financial system is one that supports sustainable growth over the long term"

About this Quote

Carney’s line reads like a truism, but it’s doing the quiet work of redefining what counts as “sound finance” in the first place. By looping “sustainable” twice, he smuggles a contested moral and political agenda into the language of prudence. The sentence is built to sound technocratic, almost self-evident: if growth is the goal, the system should support it. The twist is that “sustainable growth” is no longer shorthand for steady GDP expansion; in Carney’s orbit, it’s inseparable from climate risk, financial stability, and the long tail of liabilities markets prefer to ignore until they explode.

The intent is to move sustainability from corporate virtue-signaling into the core mandate of central banks, regulators, and investors. Carney isn’t pleading for greener portfolios; he’s arguing that capital mispricing is now a systemic threat. If climate damage, transition shocks, and stranded assets can destabilize balance sheets, then treating sustainability as “external” stops being neutral and starts being negligent. The subtext: finance already picks winners and losers, and pretending it doesn’t is the real ideological move.

Context matters. Carney made his name steering institutions through post-2008 aftershocks, then became one of the highest-profile voices insisting the next crisis would be climate-driven, not mortgage-driven. This sentence is calibrated for boardrooms and policymakers who flinch at activism. It offers them an off-ramp: you don’t have to be a crusader, just a fiduciary with a long enough timeline. Sustainability becomes less a feel-good add-on than a definition of competence.

Quote Details

TopicMoney
SourceSpeech: “Sustainable finance and the new economy” (Bank of England / related sustainable finance remarks, 2016–2017 era)
Cite

Citation Formats

APA Style (7th ed.)
Carney, Mark. (2026, January 25). A sustainable financial system is one that supports sustainable growth over the long term. FixQuotes. https://fixquotes.com/quotes/a-sustainable-financial-system-is-one-that-184188/

Chicago Style
Carney, Mark. "A sustainable financial system is one that supports sustainable growth over the long term." FixQuotes. January 25, 2026. https://fixquotes.com/quotes/a-sustainable-financial-system-is-one-that-184188/.

MLA Style (9th ed.)
"A sustainable financial system is one that supports sustainable growth over the long term." FixQuotes, 25 Jan. 2026, https://fixquotes.com/quotes/a-sustainable-financial-system-is-one-that-184188/. Accessed 5 Feb. 2026.

More Quotes by Mark Add to List
Mark Carney on Sustainable Finance: Redefining Sound Finance
Click to enlarge Portrait | Landscape

About the Author

Mark Carney

Mark Carney (born March 16, 1965) is a Economist from Canada.

13 more quotes available

View Profile

Similar Quotes

Mark Carney, Economist
Mark Carney