Green Bonds - The New Thing, Laurent Todby

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Laurent Todby: Financial institutions need to be more innovative if they want to meet those net zero goals. He says there is a huge lack of innovation on the financial markets. Sustainability link bonds or sustainability link loans, which are excellent, should become the norm. We see climate change as a huge business opportunity for banks and financial institutions.

In the past few years, hundreds of financial institutions have made big announcements about becoming net zero or carbon neutral by 2050.

But S&P Global Sustainable1 data indicates that many of these pledges don’t address Scope 3 financed emissions, which come from the investments financial institutions make or the loans they finance. These account for the bulk of the industry’s emissions.

In this episode of the ESG Insider podcast, we’re digging into the steps financial institutions are taking to reduce emissions across their value chain. We speak to Laurent Babikian from environmental nonprofit CDP. We hear from Samu Slotte, the Global Head of Sustainable Finance at big Danish lender Danske Bank. And we talk with Antoni Ballabriga, the Global Head of Responsible Business at Spanish bank BBVA.

Read research from S&P Global Sustainable1 on how financial institutions are addressing financed emissions here: https://www.spglobal.com/esg/insights/financed-emissions-are-missing-from-many-firms-net-zero-plans

We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall (lindsey.hall@spglobal.com) and Esther Whieldon (esther.whieldon@spglobal.com).

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