All Things Sustainable

As extreme weather events such as Hurricane Ian intensify, the urgency of combatting climate change is increasing. The investment community is taking steps to make investment products low-carbon and reduce risk across portfolios. But what does that look like in practice?   In this episode of the ESG Insider podcast, we speak to two London-based investment managers on the sidelines of an S&P Global Sustainable1 event in London about what investors are doing to understand and manage climate risk in their investment portfolios.   We hear from Gustave Loriot-Boserup, Responsible Investment Manager at London LGPS CIV, which manages the assets of London’s Local Government Pension Scheme.   "We view ESG and climate risk as a systemic risk. So regardless of the investment product that we launched on our platform, we will expect all of our investment managers to have developed an appropriate set of resources to identify, to measure and to integrate ESG issues into their investment decision-making processes," Gustave says.   We also speak to Cathrine de Coninck-Lopez, Global Head of ESG at Invesco. She tells us that adaptation financing could be a major theme at the upcoming United Nations climate conference, COP27.   "There isn't a framework for how you define adaptation. Issuers don't really understand it. And that the financing right now is not there for it is obviously a huge problem in a context where the world is changing today," Cathrine says.   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).   Copyright © 2022 by S&P Global   DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 

In this episode of the ESG Insider podcast, we bring you Part 2 of our on-the-ground coverage from Climate Week NYC. Throughout the week, we heard experts talk about the delicate balancing act required to achieve net zero and energy transition goals while also accounting for the impacts on nature and society.    We talk to the CEO of nonprofit Just Capital, Martin Whittaker, who explains why environmental and social issues cannot be considered in isolation. We hear from Dr. Jane Carter Ingram, Executive Director of the climate change investment and advisory firm Pollination Group. And we talk to Matt Ellis, CEO of Measurabl, a company that tracks the physical and transition risks of climate change for the commercial real estate sector. (S&P Global has invested in the company.)   Listen to Part 1 of our Climate Week NYC coverage here: https://www.spglobal.com/esg/podcasts/on-the-ground-at-climate-week-nyc-moving-from-goals-to-action   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).  Photo credit: Getty Images  Copyright © 2022 by S&P Global  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.

Climate Week wrapped up last week in New York City, and throughout the week, we heard about the systemic changes needed to combat climate change. In this episode of the ESG Insider podcast, we’re bringing you key takeaways, highlights and interviews from our time on the ground.   We hear from Global Head of Sustainable Investing at Natixis Investment Managers, Nathalie Wallace, about the role the investment community plays in combating climate change. Ivan Frishberg, Chief Sustainability Officer at New York-based Amalgamated Bank, talks to us about the growing sense of urgency around climate and the challenges of the current ESG landscape.  And we interview Amy Hepburn, CEO of the Investor Leadership Network, which represents institutional investors with more than $10 trillion dollars in assets under management. She talks about the ‘3 Cs’ needed to find solutions to climate change: collaboration, cooperation and creativity.   "For a long time in this space, we have all operated in silos and echo chambers talking to like-minded actors: Investors talking to investors, [multilateral development banks] talking to MDBs, governments talking to governments," Amy says. "This issue is not going to be solved by any one of those sets of actors — it’s only going to be solved in concert."  You can read more of our key takeaways from Climate Week NYC here: https://www.spglobal.com/esg/insights/blog/5-questions-on-the-road-from-climate-week-to-cop27  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).  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 

Climate Week NYC is ending, and the United Nations Climate Conference known as COP27 is fast approaching. As the urgency to address climate change intensifies, financial regulators and supervisors are taking an increasing interest in climate change and the impact it is having on the financial system and the economy at large.   To get a better understanding of this landscape, we’re looking at some of the recent actions central banks have taken on climate in this episode of the ESG Insider podcast.  We speak to Irene Monasterolo, Professor of Climate Finance at French business school EDHEC, who tells us discussions at COP27 need to focus on adaptation both for developing and developed nations. We also hear from Stanislas Jourdan, Executive Director of the Brussels-based NGO Positive Money Europe, where he leads advocacy campaigns and research on the European Central Bank and monetary policy. And we speak to Danae Kyriakopoulou, Senior Policy Fellow at the London School of Economics’ Grantham Research Institute on Climate Change and the Environment.    "Climate change and its impact is generally very worrying, and we are seeing this the more data we gather, how urgent the need for action is and how unprepared we are if we do not step up action in time," Danae tells us. "That is certainly true also of the financial system and the banking system. It is relatively recent that we have seen the financial sector engage seriously with this." Listen to our previous episode featuring an interview with Ravi Menon, Chair of the Network for Greening the Financial System, or NGFS, here: https://www.spglobal.com/esg/podcasts/how-central-banks-help-combat-climate-change-an-interview-with-ngfs-chair-ravi-menon     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).   Photo credit: Getty Images   DISCLAIMER   By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.    S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.  

In this episode of the ESG Insider podcast, we delve into a measure in the recently passed U.S. Inflation Reduction Act, or IRA, that allocates $27 billion toward green banks and other local investments via the U.S. Environmental Protection Agency's Greenhouse Gas Reduction Fund.    In an interview with Connecticut Green Bank President and CEO Bryan Garcia, we explore how green banks could use this new influx of federal funds to accelerate the low-carbon transition. The Connecticut Green Bank was the nation's first green bank and was formed in 2011.   We also talk with Reed Hundt, the CEO of the Coalition for Green Capital, a nonprofit with the goal of accelerating investment in clean energy technologies, which has helped organize a number of green banks.    To hear more about the implications of the Inflation Reduction Act, check out our recent episode on the topic here: https://www.spglobal.com/esg/podcasts/what-landmark-new-us-climate-law-means-for-emissions   And to learn more about green banks, check out this podcast episode of ESG Insider:  https://podcasts.apple.com/us/podcast/how-green-banks-can-accelerate-climate-finance/id1475521006?i=1000534974896   Register for the event S&P Global Sustainable1 is hosting during Climate Week here: https://events.spglobal.com/event/bc170867-ebf3-423d-a828-2c379780a571/summary?RefId=social&rt=suGjbadFj0uCGwHKysKQtQ   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).  Photo credit: Getty Images  Copyright © 2022 by S&P Global  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 

In this episode of the ESG Insider podcast from S&P Global Sustainable1, we preview what to expect during Climate Week NYC, which begins Sept. 19. Climate Week has run annually since 2009, convening leaders from business, government and the climate community through hundreds of events held across New York City. The goal is to drive climate action, and this year the tagline is “Getting it Done.”   To learn more about what to expect from the week, we turn to Dr. Terry Thompson. Terry is Chief Science Officer at The Climate Service, an S&P Global company. In the interview, he explains in plain English how climate science is evolving. He also talks about the “sea change” in public perception of climate risks.  “This is not a future event when we talk about climate change. It is essentially a current emergency,” Terry says. “We're reaching the cusp of very much more strenuous and concentrated efforts to address climate change.”  Register for the event S&P Global Sustainable1 is hosting during Climate Week here: https://events.spglobal.com/event/bc170867-ebf3-423d-a828-2c379780a571/summary?RefId=social&rt=suGjbadFj0uCGwHKysKQtQ   To learn more about physical risk, register for an upcoming webinar hosted by S&P Global Sustainable1 here: https://spgi-mkto.spglobal.com/S1-TCS-WLG-220915-PC-GL-CT-ESG-TCS-HarmonizedFeed_Webinar-Registration.html?UTM_source=podcast  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).  Photo credit: Getty Images  Copyright © 2022 by S&P Global  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 

Sustainability and ESG have evolved significantly in recent years — and alongside this change, recruiting in the space has also changed.  In this Labor Day weekend episode of the ESG Insider podcast, we go behind the scenes of ESG recruiting in an interview with Kurt Harrison, a Partner with the global executive search firm Russell Reynolds Associates where he is Co-Head of the Global Sustainability Practice.  Kurt says the demand for ESG talent is “insatiable.” He gives us insight into the kinds of questions he gets from job candidates, and also the kinds of things companies are looking for in their sustainability hires.  To listen to our interview with Ravi Menon, the Chair of the Network for Greening the Financial System, or NGFS, click here: https://www.spglobal.com/esg/podcasts/how-central-banks-help-combat-climate-change-an-interview-with-ngfs-chair-ravi-menon   To listen to the episode where we discuss the evolving role of the Chief Sustainability Officer, click here: https://www.spglobal.com/esg/podcasts/how-chief-sustainability-officers-are-becoming-a-must-have-for-companies    To register for the event S&P Global Sustainable1 is hosting during Climate Week, click here: https://events.spglobal.com/EWG92g?rt=suGjbadFj0uCGwHKysKQtQ&RefId=social   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).  Photo credit: Getty Images  Copyright © 2022 by S&P Global  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.

On Aug. 16th, 2022, U.S. President Joe Biden signed into law the Inflation Reduction Act, or IRA. The IRA is a comprehensive energy and climate law that allocates nearly $370 billion in federal spending to decarbonization efforts over the next decade.  In this episode of ESG Insider, we take a deep dive into those measures and explore the implications for the goal President Biden set to cut U.S. emissions by at least 50% by 2030 relative to 2005 levels.   We talk with Robbie Orvis, Senior Director for Modeling and Analysis at Energy Innovation, a non-partisan energy and climate policy think tank based in Washington, D.C. "There is a pretty clear path now to" achieving Biden's emissions reduction goals, he tells us. At the same time, says Robbie, "there are lots of things that have to go right to hit those types of targets and numbers," including building out U.S. electric transmission capacity to accommodate future renewable generation, and tackling workforce and supply chain challenges.  Listen to our episode on the low-carbon strategies of U.S. automaker General Motors here: https://www.spglobal.com/esg/podcasts/how-automaker-gm-is-tackling-climate-change-social-equity-and-supply-chain-risk   To hear more about the implications of the Inflation Reduction Act, listen to a recent episode of the Energy Evolution podcast from our colleagues at S&P Global Market Intelligence here: https://podcasts.apple.com/us/podcast/how-will-us-democrats-new-deal-on-climate-affect-the/id1485337462?i=1000575106791  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).   Photo credit: Getty Images  Copyright © 2022 by S&P Global  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 

In this episode of the ESG Insider podcast, we explore the evolving role of the Chief Sustainability Offer, which is taking on greater importance in many organizations as awareness of environmental, social and governance issues grows.   In many companies, the CSO is now working in tandem with Chief Executives and Chief Financial Officers. Often CSOs act as the "glue" embedding sustainability throughout company strategy and across different departments, Francesca Messini tells us in the episode. Francesca is a sustainability leader at audit, consulting and advisory firm Deloitte and an author behind a new report about the rise of CSOs in the European banking industry. The report was jointly published in June 2022 by Deloitte and the European Banking Federation, a trade group.  "The Chief Sustainability Officer is not anymore a 'nice-to-have' role, but is a 'must have,' and has been proved to be essential to steer the sustainability strategy and the commitments that the banks are taking," Francesca says.   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).  Photo credit: Getty Images  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 

In the last few years, central banks have played an increasing role in measuring the impacts of climate change on financial systems and economies. In 2017, a handful of central banks established the Network for Greening the Financial System, or NGFS. The network now has more than 100 members from around the globe working to manage and measure the risks climate change poses to financial stability.    In this episode of the ESG Insider podcast, we speak with NGFS Chair Ravi Menon, who is also managing director of the Monetary Authority of Singapore, the central bank of Singapore. He talks about the work of the NGFS, the challenges of addressing physical risk and transition risk, and the role of central banks in combating climate change.   “The challenge of climate change is so pervasive, you really need a whole-of-nation, whole-of-society response," he says. "Central banks, being a major part of that ecosystem, have an important role to play. But it is not a primary role. It can't be the key needle mover. It needs to work together with the rest of the government, the financial industry and other stakeholders in this effort." Listen to our episode about the climate stress test France’s central bank conducted here: https://podcasts.apple.com/ie/podcast/heres-how-you-stress-test-for-climate-risk-according/id1475521006?i=1000525188660    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).  Photo credit: Getty Images  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.