Wholesale Banking and the Green Economy

Simon Thompson

In the second part of this two-part video series on “Banks and the Green Economy”, Simon explains the role of wholesale and investment banks in serving corporate clients and other financial institutions.

Sustainability essentials

Central Banks & Financial Markets

Overview

Bank loans remain the world's single largest source of financing for businesses - and companies involved in environmentally harmful activities rely on wholesale and investment banks to meet their funding needs. 33 of the largest global banks provided fossil fuel companies with funding of more than $1.9 trillion between 2015 and 2018, according to the 2019 'Banking on Climate Change' report. Therefore, wholesale and investment banks have an important role to play in mobilising private capital for green investment through their lending and capital markets operations and incorporating climate risks and possibilities into their analysis and advisory services, and need to do much more.

Key learning objectives:

What is the role of wholesale and investment banks serving corporate clients and other financial institutions?
What are the examples of green corporate banking products and services?
What are the principles for responsible banking?

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Summary

Expert

Simon Thompson

Simon is the Chief Executive of the Chartered Banker Institute and co-author of Green Finance: Principles and Practice. He is also a former Vice President of the European Bank Training Network, and is currently Chair of the Global Banking Education Standards Committee. He specialises in professional ethics, and green and sustainable finance.