Chartered Banker Institute CEO & ESG specialist
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.
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.
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9 mins 56 secs
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:
Identify the role of wholesale and investment banks serving corporate clients and other financial institutions
Outline the examples of green corporate banking products and services
Outline the principles for responsible banking
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While the six Principles for Responsible Banking are for organisations, alignment at three levels is required for the Principles to drive and continue to foster a culture of responsible, sustainable banking:
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