The financial services sector can significantly impact net zero transition through capital allocation, stakeholder involvement and client engagement. Through its deal with Climeworks, UBS is also demonstrating its role as a catalyst for emissions reductions and removals.
The Institutional Investors Group on Climate Change (IIGCC) and the Transition Pathway Initiative (TPI) have released their latest analysis of bank performance on net zero, warning that ‘weak performance’ raises investment risk.
One question is coming up more and more often – are companies serious about Environmental, Social, Governance (ESG) if they don’t link performance to compensation?
