Benel D. Lagua
The environmental effects of the service sector industry have long been understated because of the intangibility of its product offerings. Banks, for one, have been erroneously viewed as a non-polluting industry because of the “non-emitting” nature of its business. In the financial markets, the focus has been on money and money systems and the objective has always been on profit maximization, with little concern for social and environmental costs.