and now increasingly want brands , and banks , to help them do this in the easiest , but most impactful , ways . There is a lot of internal focus within banking institutions , and these first steps are great .”
However , as Oli puts it , there is so much more banks can do . “ Banks could be utilising their connection with the millions of businesses and people who transact through them to make a positive change ,” he says , “ and turn ideas and goals into impact . I think this is where we ’ ll see leaders really start to appear .”
Head of Science , Sustainability , and Climate Research at Normative , Dr Alexander Schmidt , is similarly unsatisfied with banks ’ current efforts to action bold plans .
“ Despite an initial surge in net-zero commitments , particularly following COP26 and the formation of the GFANZ , a subsequent levelling off occurred as institutions realised the complexities of their net-zero goals ,” he says .
This is a key issue , given just how pivotal the role of financial institutions is in driving the global net zero transition .
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