If you’re banking with Barclays, set yourself on fire
Having written a book about how fintech can make finance good for the world, the biggest issue is those banks investing in fossil fuel firms. It’s not investing in fossil fuel firms that is the issue, but it’s investing in NEW fossil fuel firm projects. Now, who would do that when we know the planet is…
Does ESG matter?
Two years ago Stuart Kirk, the then head of responsible investing for HSBC, delivered a mic dropping speech at the FT Moral Money conference. What did he say? Here’s a few quotes: “Who cares if Miami is six metres underwater in 100 years? Amsterdam has been six metres underwater for ages, and that’s a really…
Many financial industry climate initiatives are authentic … they’re just not working
In a guest column six years ago James Vaccaro, then Director of Corporate Strategy at Triodos Bank, introduced the United Nations’ Principles of Responsible Banking to my community. Six years later, are they working? Apparently not. In a new guest column, James argues the industry efforts may be authentic, but they need better management to…
A three-sided bank: customer, community and the planet
I recently was introduced to VDK Bank, a community bank based in Ghent, Belgium, by Rik Coeckelbergs. The bank has done something interesting, launching a three-sided coin. The idea is to triple your thinking. The three-dimensional bank focuses upon customer, community and then the third dimension is to think about how money impacts the planet….
The Earth is on fire … is it your fault?
During the summer, we are struck by massive wildfires taking place across the Americas and Europe. The devastation to Hawaii is specifically notable, but what about Greece, Tenerife and Canada and the rest. This is not normal. Then you go from wildfires in California to floods and mudslides in the same place. This is not…
50 shades of green – is your bank sustainable?
I was recently wondering which banks are the most green. Names come to mind like Co-operative Bank (UK), Triodos Bank (Netherlands), Alandsbanken (Finland), MyBank (China), Amalgamated Bank (America) and more, but they are few and far between. Some are committed and some are just paying lip service or, as we say, greenwashing. The difference is…
Make my money matter … an interview with Richard Curtis
I spotted an interview with Richard Curtis the other day about his campaign to change how pensions funds invest. The campaign is called Make my money matter and asks institutional investors, pension funds and banks to ensure that they invest in a sustainable way. Discussing this in an interview with Akshat Rathi in the podcast…