I attended this event yesterday evening at OUCE (Oxford University Centre for the Environment) put on by the Smith School of Enterprise and the Environment. Academics and bankers had frank and open dialogue with attendees about sustainability/ESG (Environment, Society and Governance) issues. While some segments of the banking sector have been around a long time (over a hundred years), they profess to place more emphasis on being responsive to customers than developing foresight and leadership on the gathering storms of carbon bubble, unburnable carbon, water stress, food stress etc. One speaker (being devil's advocate) even wondered if sustainability/ESG was just another passing fad. Although this was said 'tongue-in-cheek', it seemed to appropriately paraphrase the gist of what the bankers in the room were saying. This doesn't augur well for efforts to persuade bankers to put their weight proactively behind the transition to a sustainable future for us all.
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About the BloggerI'm David Calver - an Accountant with a passion for sustainability. Categories
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