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The scale of corporate cash emissions
Manage episode 418222068 series 3545435
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Summary
This conversation with James Vaccaro discusses the work of the Climate Safe Lending Network, a multi-stakeholder network focused on accelerating the transition to a sustainable economy. The network brings together banks, investors, NGOs, regulators, and academia to share knowledge, provoke thought, and drive change in the banking sector. James highlights the importance of understanding the emissions generated by a company's banking practices, particularly the financing of fossil fuel industries. He emphasizes the need for companies to engage with their financial partners and demand a shift towards greener investments. He also discusses the role of universities and large corporates in leading the movement towards sustainable finance. The conversation explores the role of banks in the transition to a sustainable economy and the challenges they face. It discusses the need for banks to restrict capital to fossil fuel companies and transition to greener alternatives. It highlights the importance of regulatory action and government intervention to drive change. The conversation also touches on the role of technology in the transition, emphasizing that not all solutions require high-tech interventions. It concludes with a discussion on the potential of fintech and challenger banks to accelerate the transformation of the financial supply chain.
Takeaways
The Climate Safe Lending Network is a multi-stakeholder network focused on accelerating the transition to a sustainable economy.
Companies need to understand the emissions generated by their banking practices, particularly the financing of fossil fuel industries.
Universities and large corporations have the power to lead the movement towards sustainable finance. Banks need to restrict capital to fossil fuel companies and transition to greener alternatives.
Regulatory action and government intervention are crucial to drive the transition.
Not all solutions require high-tech interventions; simple changes in behavior and practices can have a significant impact.
Fintech and challenger banks have a role to play in accelerating the transformation of the financial supply chain.
Links
Contact Us
Guest: https://www.linkedin.com/in/james-vaccaro/
Email us: info@climatetech360.com
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