What we’ve found is that to truly align bank financing with a just and regenerative economy, total transformation of a bank’s strategy, operations and culture is required. “Climate tends to be a technical strategy within banks, often sitting separate from core business strategy. There is growing recognition of the impact that banks have on the real economy through their lending and investment, and particularly their outsized role in financing the fossil fuel extraction and deforestation that is driving climate breakdown. Report co-author Lydia Hascott, Head of Intrapreneurship at the Finance Innovation Lab, said: “The ultimate purpose of banks is to finance an economy that enables human thriving on a flourishing planet.

The report contains anonymous quotes, case studies and cross-cutting themes from the first ever cohort of the Climate Safe Lending Fellowship – a leadership development programme working with over 20 banking professionals from banks across the globe. The report, Catalysing Bank Climate Action – Lessons from the Inside, shares raw, honest learning from those banking professionals – or ‘climate intrapreneurs’ – about the barriers and enablers they face internally while working to advance the climate agenda within their institutions. A new report shares new lessons from bank insiders taking action on climate change.Ī new report published by the Finance Innovation Lab and Climate Safe Lending Network which shares key insights from banking professionals working to help their institutions take greater climate action finds that banks need a total transformation of their sense of purpose to address the climate crisis.

Befit transform