Climate change: the financial fight
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 9 July 2021
⏱️ 18 minutes
🧾️ Download transcript
Summary
When it comes to climate change, what is the world of finance doing? Manuela Saragosa speaks to Jan Erik Saugestad, executive vice president of Norwegian asset managers Storebrand, whose investments must meet certain environmental, social and governance standards. This week also saw finance ministers from the V20 group of countries most vulnerable to climate change meet virtually. We talk climate justice with former president of the Maldives, Mohamed Nasheed, currently speaker of the country's parliament.
Produced by Benjie Guy.
(Picture: coins in a jar with plant on a table. Credit Getty Images.)
Transcript
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| 0:00.0 | Hello and welcome to Business Daily from the BBC with me, Manuel Zaragoza. |
| 0:06.2 | In this edition, when it comes to climate change, what's the world of finance doing? |
| 0:10.5 | I do think we are able to create a real economic impact, but it won't happen overnight. |
| 0:16.5 | Plus, we talk climate justice with the political leader of one of the world's most vulnerable countries, the Maldives. |
| 0:22.9 | I don't think this is a brawl of rich country, poor country. You did it to me, so you owe it to me. |
| 0:29.4 | Yes, they have done this. And in the process, people have rubbish the planet. It's us. We want to survive. That's all here in Business |
| 0:39.9 | Daily from the BBC. It's basically a round circle with different colours and there are 17 of them |
| 0:50.0 | representing the sustainable development goals. |
| 0:59.3 | Jan Eric Sogastat there describing a badge he wears on the lapel of his suit, |
| 1:03.3 | a badge showing all of the United Nations Sustainable Development Goals. |
| 1:08.3 | Their goals that aim to resolve the world's social, economic and environmental problems. |
| 1:10.8 | It's about climate change. It's about life in the sea. |
| 1:12.4 | It's about life on land. |
| 1:14.2 | In fact, Jan Eric is rarely seen without his UN badge. |
| 1:18.1 | Absolutely. |
| 1:18.7 | I've worn it for, I don't know how many years now, |
| 1:21.5 | but I see more and more people wearing it. |
| 1:24.7 | So that's a good side. |
| 1:25.6 | What makes that badge so unusual on him is that Jan Eric is not a UN worker. |
| 1:30.7 | Nope, he works in finance. |
| 1:33.0 | Jan Eric Sogstadt is Executive Vice President of Asset Management at Storebrand, a Norwegian |
| 1:38.2 | financial group, meaning people entrust him with their savings. |
... |
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