Climate Action for Bankers: The Road to a Net-Zero Economy
The climate crisis is the defining issue of the century as it poses an existential threat signaling code red for humanity. We need an all-of-society approach to facilitate a transition to a net-zero economy by 2050. Through the Net-Zero Banking Alliance, a rapid, pivotal mobilization of the banking sector is underway with over 100 banks representing $66 trillion in assets (over 43% of banking assets worldwide) now standing together and publicly committed to a net-zero future. Banks are a vital part of enabling the decarbonization of the global economy. Through lending and investment decisions, banks can prompt their clients to accelerate this transition and accompany them along the way. In this session, bankers will be presented a roadmap to embark on a climate action transition planning process. This session adds crucial strategic, operational, human, and practical insights to the emerging technical literature in this area. The window for collective action is small and all banks, global and local, must support the urgent transition to a net-zero economy.
Industry Relations and Partnerships Director, PNW
Beneficial State Bank & Foundation