“I am convinced that a company’s ability to go green will be an indicator of performance in the future, in the same way as its commercial dynamism and its financial solidity.”
Banks at the heart of the ecological transition
Banks have a leading role to play in supporting companies in financing this transition. The Taskforce on Nature-related Financial Disclosures (TNFD) is one of the most promising initiatives. This working group, whose General Secretariat is hosted by the Green Finance Institute, was supported by BNP Paribas even before its launch. In September 2023, it will publish an innovative framework to identify and report on all risks related to nature, including biodiversity. An essential step to actively involve financial institutions and companies.
The Green Finance Institute
Launched in the summer of 2019, the Green Finance Institute (GFI) is a commercially focused, philanthropically funded organisation, seed funded by the UK government. It positions itself as the leading forum in the UK for public and private sector collaboration in the field of green finance, with the aim of mobilising capital to accelerate the domestic and international transition to a sustainable, resilient and low-carbon economy.
METRON
Founded in 2013, METRON enables industries to analyse and optimise their energy consumption thanks to a technological platform that collects, aggregates and analyses in real time, the energy data of companies in all sectors of activity to reduce their energy bills and carbon footprint. Operating in 30 countries through its 9 subsidiaries, the cleantech launched Decarb Fast Track in November 2022, a European decarbonisation programme designed in collaboration with Dalkia, Amazon Web Services and BNP Paribas.
- 69%Average decrease in fauna over the last 50 years. One million species are now threatened with extinction. (Source: Word Economic Forum, October 2022.)
- 55%Minimum reduction in net greenhouse gas emissions by 2030 (compared to their level in 1990) that the Member States of the European Union must achieve, as set by the climate law adopted in June 2021.
(1) Led by Swedish researcher Johan Rockström of the Stockholm Resilience Centre, international researchers are quantifying the risks that human activities pose to natural balances. For nine major processes involved in the operation of the “Earth system” (climate, biodiversity, forests, fresh water, ocean acidification, nitrogen and phosphate cycles, chemical pollution, aerosols emitted into the atmosphere, the ozone layer), scientists have defined nine limits.