MONEY TALKS
To some , it may seem anachronistic , but the financial services industry has a central role to play on the global journey to net zero .
Satish says : “ Most organisations across the globe understand that there ’ s some impact coming to their business as it relates to climate change . The biggest barrier to executing a strategy is the cost . Access to capital is a key enabler of sustainability and that ’ s where financial services come into play – providing businesses with loans and funds and the ability to execute their net zero strategy , to develop new business models , to invest in new types of projects that will drive not only their journey to net zero , but resilience for their business in the face of climate change .”
She adds : “ I don ’ t think the role of financial services changes , but it becomes critically important as we think about not only directing funds towards programmes that help with net zero or climate resiliency , but also when you think about banks helping clients understand the transition that they need to make to be more sustainable , so that they can unlock better rates and more funds . I think financial services plays an absolutely critical role .”