JPMorgan CEO Jamie Diamond has spoken out against racism and pledged support for the black community. Marissa Buchanan, JP Morgan's head of sustainable finance, talks about how banks are adapting their ESG strategies. She says during the pandemic, climate change took a bit of a backseat while governments and businesses were just really focused on survival. But as economies begin to rebuild, she says, businesses have greater ability to focus on these issues.
Climate change took "a bit of a backseat" during the first several weeks of the coronavirus pandemic as "governments and businesses frankly were really just focused on survival," JPMorgan Chase Head of Sustainability Marisa Buchanan said in an exclusive interview in the latest episode of "ESG Insider," an S&P Global podcast.
"As economies begin to rebuild [and] businesses have greater ability to focus on these issues, we're going to see budget and bandwidth come back hopefully," Buchanan said.
The episode is part of a series in which we talk to some of the world's biggest lenders about how they are adapting their environmental, social and governance strategies amid COVID-19 and widespread protests against racism following George Floyd's death in the custody of Minneapolis police.
Listen to the episode to hear to the full interview, and subscribe to ESG Insider to catch future episodes.
(Photo: AP)