Webinar Recording: State of Transition in the Banking Sector 2024

29/10/2024

The recording of the webinar held 29 October 2024 is available below


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. 

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