meta_pixel
Tapesearch Logo
Log in
Best of the Spectator

Can the City of London be the world’s first to deliver climate commitments?

Best of the Spectator

The Spectator

News Commentary, News, Daily News, Society & Culture

4.4785 Ratings

🗓️ 13 July 2021

⏱️ 56 minutes

🧾️ Download transcript

Summary

The way the City of London measures success is constantly changing. A new generation of discerning consumers has skyrocketed the importance of environmental, social, and corporate governance (ESG) to company decision-makers. The finance sector is increasingly being seen as the next frontier in climate action. As the City navigates the post-Brexit landscape and our pandemic recovery it will also be tasked with redefining its role on the world stage. How will the government's net-zero commitment and the targets in the Paris Agreement factor into corporate decision-making? How will banks and other financial institutions change how they weigh up sustainable investment choices? And what impact could all this have on the broader economy? Join Spectator journalists, politicians and industry experts as they discuss The City's future climate and environmental agenda.  In collaboration with WWF.

Transcript

Click on a timestamp to play from that location

0:00.0

The way the City of London measures success is constantly changing.

0:09.0

A new generation of discerning customers have skyrocketed the importance of environmental, social and corporate governance to company decision-makers.

0:18.0

And the finance sector is increasingly being seen as the next frontier

0:22.1

in climate action. As the city navigates the post-Brexit landscape and our pandemic recovery,

0:28.1

it will also be tasked with redefining its role on the world stage. So how will the government's

0:34.9

net zero commitment and the targets in the Paris Agreement factor in to corporate decision-making?

0:40.3

How will banks and other financial institutions change how they weigh up sustainable investment choices?

0:47.3

And what impacts is all this going to have on the broader economy?

0:51.3

To discuss all of this and more, I'm joined by Alajones, head of sustainable investment

0:55.8

in Europe for the Futsi Russell, Kate Norgrove, Executive Director of Advocacy and Campaigns for

1:02.5

WWF, and Benedict McGallion, Senior Advisor on Energy and Environment for Policy Exchange.

1:09.6

And this panel is kindly sponsored by

1:11.5

WWF. So thank you very much for that. I'd like to start with Benedict. We're going to have a few

1:16.6

opening remarks from you and then from the rest of the panel and we'll dive right into questions.

1:20.2

So Benedict, kick us off. Thank you very much, Kate. And thank you very much to the spectator for

1:25.9

hosting us today and also to WWF for sponsoring this very important event and this very important summit.

1:33.4

I'm delighted to come and talk to you about the financial sector and its role in achieving global net zero.

1:41.3

And really, it has an absolutely key role.

1:46.9

In fact, we cannot get to where we want to go without it. And that's always been the case with the financial sector and human society.

1:53.5

Wherever there's been massive progress in human society over the last few centuries,

1:57.9

financial sector has been incredibly important. When Christopher Columbus

2:02.3

wanted to go across oceans, the only people who could finance that were royalty. And yet nowadays,

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Spectator, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Spectator and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.