The Importance of Transitioning to a Low Carbon Economy

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The financial institutions in the global north need to be doing more in terms of sustainability, she says. "There has been lots of targets and lots of fun allocation, but we still don't see that fun flow happening" Many companies who are early on their ESG reporting journey with the upcoming CSRD regulation have not really had even a local compliance obligation for non-financial performance. The whole idea of using the CSRD to channel funding flow to sustainable companies is going to backfire because they're not yet mature.

In this week’s episode of ESG Insider, we’re bringing you coverage of a sustainability summit that S&P Global Sustainable1 hosted in Paris on May 10.

We sit down with conference speakers on the sidelines of the event to discuss themes ranging from physical climate risks to net zero to the energy transition to nature. A theme throughout these discussions is the importance of taking a holistic approach to sustainability issues and not treating them in silos.

We speak to Michael Sheren, fellow at the Cambridge Institute of Sustainability Leadership, who explains why biodiversity and climate risks need to be addressed hand in hand.

Nature and climate “are literally twins. They have to be connected,” Michael tells us.

We talk to Julia Ripa, quantitative analyst at Swedish pension fund AP4, who tells us about the challenges investors face in obtaining biodiversity data. We hear from Prajna Khanna, Global Head of Sustainability at technology investment company Prosus Group, who explains the gaps in financing between developed and developing nations. And we sit down with Camille Putois, CEO of Business for Inclusive Growth, a partnership between the OECD and a global, CEO-led coalition of companies. She tells us about a new framework being developed to address social issues.

Listen to part 1 of our coverage from the S&P Global Sustainable1 Summit in Paris here: https://www.spglobal.com/esg/podcasts/on-the-ground-in-paris-how-french-bank-societe-generale-approaches-energy-transition-finance

Photo source: Getty Images

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