What impact will the Omnibus simplification proposals have on banks, and what is their message to European policymakers? Listen to Antoni Ballabriga, Global Head for Sustainability Intelligence and Advocacy at BBVA
With the departure of nearly a dozen US and Canadian banks from the Net-Zero Banking Alliance in the past few months, is the future of sustainable finance hanging in balance? And what is the verdict on how far and well the green transition is advancing?
This week on the Frankly Speaking podcast, Richard Howitt was joined by Antoni Ballabriga, Global Head for Sustainability Intelligence and Advocacy at BBVA, the Spanish multinational bank that has been working on sustainability and sustainable finance for almost 20 years.
Together they discussed why BBVA has bucked the trend of banks withdrawing from sustainable finance initiatives, including why it has instead chosen to double down on its sustainability agenda by increasing its sustainable investment twofold to €700 billion over the next five years. You’ll also hear more about:
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Is it really is possible for companies to "do the right thing"?
There's very little pressure being applied to companies by investors looking at how they're actually behaving and treating human rights as a core business priority. This needs to change.
Investors shouldn't just take companies' word for what they're doing; they should investigate what the companies are actually doing regarding human rights.