Webinar - State of transition in the banking sector 2024: From words to action: banking on net zero – video recording
29/10/2024
The Transition Pathway Initiative Centre, based at the London School of Economics and Political Science, assessed the climate ambitions of 26 major international banks, ten US super-regional banks, and two custodian banks for the State of Transition in the Banking Sector report. Despite banks setting targets to tackle climate change, there remains a huge gap with the policies they are implementing to reach their goals. The banks are still in the early stages of the low-carbon transition, and the current ambition and scope of their actions remain insufficient to meet climate goals.
The webinar, From words to action: banking on net zero, presented the results from the banking assessments, followed by the panel discussions.
Introduction and Presentation:
David Russell, Chair of Transition Pathway Initiative Ltd.
Valentin Jahn, Senior Policy Fellow, Deputy Director, TPI Centre at the London School of Economics
Panel:
Masamichi Kono, Senior Advisor, MUFG Bank, Member of Global Advisory Board, Mitsubishi UFJ Financial Group, Trustee, IFRS Foundation
Maria Tinedo, Financial Institutions and TMT Programs Director, Emerging Markets Investors Alliance (EMIA)
Moderator: Carmen Nuzzo, Professor in Practice, Executive Director, TPI Centre at the London School of Economics
The panel discussed:
"Easy wins” that banks can implement to start off their climate strategies
Trends and challenges in emerging markets
Impediments to transition finance
Steps needed to create a dialogue among the relevant stakeholders to accelerate the net zero transition
We hope you find the report’s results and the discussions insightful. Please take a few minutes to take this post-webinar survey and share your thoughts, so we can bring you more resources tailored to your needs. We would greatly appreciate your time.