3min chapter

Tearsheet Podcast: Exploring Financial Services Together cover image

The Green Finance Podcast Ep. 3: Banks' role in the climate crisis with Chris Skinner

Tearsheet Podcast: Exploring Financial Services Together

CHAPTER

How Can Technology Make the Most Out of This New Mentality?

Technology makes it really transparent as to how companies are behaving, if you're looking in this space. A figure that struck me when i started investigating these ideas just five years ago was term, the greenhouse gas omissions are produced mainly by just 100 large companies. And what's interesting is a, for example, gale bradbook, who's a clo founderin rebellion. Am, i regularly hoste my blog these days with a monthly column, because i want to have her voice heard and at least have the conversation. Her latestam bloggd that she wrote about breaking the windows in berkeley's bank branches and headquarters. She then said, this is not a crime because act active

00:00
Speaker 1
So
Speaker 2
how can we make the most out of this new mentality that the pintic industry is injecting into finance? What role does technology play here? For example, as most of the to space has been driven by technology, technology makes it
Speaker 1
really transparent as to how companies are behaving, if you're looking in this space. So a figure that struck me when i started investigating these ideas just five years ago was term, the greenhouse gas omissions are produced mainly by just 100 large companies, are the b ps and the charls and exiles of this weld, 71 % are produced by just 100 companies. Almost half just by 25 companies. So you look at those companies, hoved behind those companies from the financial backing viewpoint, you can find that out easily through the network now, because so much is transparent thanks to search engines a. And what i found, for example, is black rock investment and editise figures now out of date, probably has changed because a think, who's their leaderis talking a lot more about environmentalism these days. But this jus a couple of years ago, a they said that they were investing in sustainable projects. But when you actually looked at what that meant as a definition, 97 % of thevestment, it their investments begoming e non sustainable projects, as discovered through investigations of various research companies who publish their findings on the network. Now i always question findings on the network, because some of them are just scams and spams and are not real. But regardless, when when you see something that doesn't look right, you can very quickly get the facts. Ad doesn't take long. Lots of research fifr out there, and then you can act upon it. And that's where extinct rebellion and others are starting to step in to say, we're going to shine the light on what these guys are doing and make sure peoplea more aware of it. Which is really bad pinar for the bank, but it's a good way of actively protesting. And what's interesting is a, for example, gale bradbook, who's a clo founderin rebellion. Am, i regularly hoste my blog these days with a monthly column, because i want to have her voice heard and at least have the conversation. And her latestam bloggd that she wrote me was about breaking the windows in berkeley's bank branches and headquarters. And then said, this is not a crime because act activep protest, as long as you are not damaging people, aad killing people is allowed. And that's what the suffragettes did a century ago to get the vote for woman, a active protest. And that's what tints and rebellion are doing to day.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode