Thierry Philipponnat: The Role of the Banking Sector in the Net Zero Transition

Thierry Philipponnat, Chief Economist at Finance Watch, shares his insights on the banking sector's crucial role in achieving a net zero economy. He highlights the challenges banks face in integrating climate risk into financial practices. The discussion delves into the EU’s Sustainable Finance Agenda, exposing a disconnect in sustainability information quality. Philipponnat emphasizes the alarming trend of companies misrepresenting climate risks and stresses the need for regulatory reforms. Urgency for sector-specific transition standards is called for to ensure effective planning towards sustainability.