Can banks really help save the planet?

In this episode, we dive into the intricate relationship between the financial sector and climate risk with our distinguished guest, Ana Lucas. Ana brings over two decades of experience in corporate banking, notably with ING, and has now transitioned into educating others on sustainable finance.

This episode delves into Ana's journey, exploring her significant role in recognizing and managing climate risks within the banking sector. She shares her insights on the financial industry's current state in addressing the climate crisis and the critical role banks play as agents of change.

Key highlights include:

• Ana's perspective on the evolution of sustainability within the banking industry and its increasing prominence post the Paris Agreement.
• A comprehensive discussion on climate risks, categorized into physical and transition risks, and their implications for financial institutions.
• The challenges banks face in revaluating portfolios and the importance of aligning with industry benchmarks for carbon reduction.
• Ana's viewpoint on the future of sustainable financing, including the opportunities and risks in the next five to ten years.

Ana's expertise sheds light on how financial institutions are navigating this challenging landscape, balancing profit with responsibility, and moving towards a more sustainable future.

some links to Ana's work -

Her Linktree:

https://linktr.ee/anadlucas

Climate scenarios

https://www.ngfs.net/en

https://2degrees-investing.org/pacta-for-banks/

An Example of Industry cooperation with Banks on Decarbonisation

https://steelprinciples.org/

Guidance on Climate risks and Opportunities Disclosures

https://www.fsb-tcfd.org/

Guidelines for Climate Target Setting for Banks

https://www.unepfi.org/industries/banking/guidelines-for-climate-target-sett
ing-for-banks/