Is the financial sector doing its part in the fight against climate change?

Interview with Clémence Lacharme, Louise Badoche

While the financial sector may not seem, at first glance, to be directly linked to energy and climate issues, it is in fact a key driver for a successful transition to a low-carbon world. Indeed, through its investments, the financial sector shapes our economy and our societies, and has a major role to play in the energy and climate transition of other sectors.

Successfully navigating this transition requires rethinking the traditional allocation of investments and financing in order to support sectors that will help decarbonize the economy, preserve ecosystems, and assist high-emission sectors in reducing their greenhouse gas emissions.

• Is the financial sector doing its part in the fight against climate change?
• How can banks reduce the carbon footprint of their portfolios and comply with the Paris Agreement?
• How can they prepare for economic changes in a world with finite resources?

In this episode, Clémence Lacharme, Manager and Head of the Finance Division at Carbone 4, answers our questions.

To learn more about this topic:

• Banks: Climate Commitments to Be Taken with a Grain of Salt, Oxfam France: https://www.oxfamfrance.org/rapports/banques-des-engagements-climat-a-prendre-au-4eme-degre
• Non-Financial Reporting for Investors, Ministry of Ecological Transition: https://www.ecologie.gouv.fr/reporting-extra-financier-des-investisseurs
• The “colossal” carbon footprint of French banks, Le Monde: https://www.lemonde.fr/economie/article/2019/11/28/les-banques-francaises-accusees-de-participer-activement-au-rechauffement-climatique_6020800_3234.html
• Why are finance and climate linked by a vicious cycle? France Culture: https://www.radiofrance.fr/franceculture/podcasts/le-pourquoi-du-comment-economie-et-social/le-pourquoi-du-comment-economie-social-du-mardi-16-novembre-2021-1503862
• Which French banks are the most committed to climate action? National Geographic: https://www.nationalgeographic.fr/environnement/quelles-sont-les-banques-francaises-les-plus-engagees-pour-le-climat

Check out all our resources: https://www.carbone4.com/resources

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Music: César Dugast

Voice: Louise Badoche

Graphic Design: Kevyn Bargue