Morgan Stanley, JPMorgan and an international banking group have quietly concluded that climate change will likely exceed the Paris Agreement’s 2 degree C goal and are examining how to maintain profits
Sustainability is not typically part of a bank’s vocabulary.
But there are terms a bank can understand : systemic risk for the economy, the prospect of fossil fuel investments becoming stranded assets, negative effect on public relation and how it can be a competitive disadvantage if a bank do not attract customers who value human life.
Banks are towards the head of line for bailouts in case/fear of collapse, so they can feel immune to any sustainability concerns.
Sustainability is not typically part of a bank’s vocabulary.
But there are terms a bank can understand : systemic risk for the economy, the prospect of fossil fuel investments becoming stranded assets, negative effect on public relation and how it can be a competitive disadvantage if a bank do not attract customers who value human life.