Should I Get on the Train or Not?

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An active ownership makes sense because that's the way that they can influence the companies and by voting at AGMs. For a bank lender, first of all, the dialogue is much more of a partnership type than now we engage with you. If an shareholder divests, then there's not really any action needed by the company. I mean, it's not financing leaving the companies. It's something that happens in the secondary market. But whereas a bank then divests or discontinues the relationship by not refinancing, then it actually requires some action by theCompany. They need to find a new lender, a new financer to take the seat of the one who has not decided to ref

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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