NatWest Commercial and Institutional’s Post

“Financial institutions have a powerful role to play in tackling climate change and building a more just society, and therefore it’s encouraging to see that the rise of GSS issuances from the sector continues.” - Stuart Foster, Head of FI's, NatWest Group. An interesting article on what we can expect to see from FI's in 2024 - take a read.

Stuart Foster reflects on the “powerful role” Financial Institutions (FIs) have to play in tackling climate change, and our sustainability specialists provide a comprehensive review of what they expect from the FI sector in 2024, in our FI ESG Outlook. Read Stuart’s thoughts and the entire article, here: https://lnkd.in/e5s6xJf7

Stuart Foster reflects on the “powerful role” Financial Institutions (FIs) have to play in tackling climate change, and our sustainability specialists provide a comprehensive review of what they expect from the FI sector in 2024, in our FI ESG Outlook. Read Stuart’s thoughts and the entire article, here: https://lnkd.in/e5s6xJf7

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ESG targets fail to impact on Global emissions. The reason is that ESG applies to the supply of energy, produced products etc. not the demand. The demand will always be meet and is ESG stifles local industry the demand is met by imports usually not subject to ESG. New South Wales exemplifies this issue. Despite a natural gas crisis, the state refuses to approve the Narrabri Gas Project and is instead building an LNG import terminal at Port Kembla. LNG imports have a significantly higher carbon footprint than local gas. Germany faced a similar scenario, imposing a fracking moratorium in 2018, halting shale gas exploration, and now relying on importing U.S. shale gas. The shortcomings of international agreements like the Paris Accord stem from their focus on energy supply rather than demand. Why is there so little emphasis on reducing or altering demand to improve the environment? Perhaps it's because targeting energy producers is easier, garners more publicity, and is more lucrative for activists and governments than addressing consumer behaviour. Australasian Centre for Corporate Responsibility (ACCR)

FTSE Russell’s fixed income indices cover the matrix of sustainability approaches so you can pick the right benchmark for your climate and ESG objectives. Explore our comprehensive solutions: https://lseg.group/3yf6W6x

In response to climate change, many of us are wanting to making lifestyle changes. Investing in ESG (Environmental, Social Governance) funds may seem like a logical step for people who want to be part of the climate solution, but it can be difficult to know where to start. If you’re interested to understand more about ESG funds and how they can fit within your financial plans, get in touch.

In response to climate change, many of us are wanting to making lifestyle changes. Investing in ESG (Environmental, Social Governance) funds may seem like a logical step for people who want to be part of the climate solution, but it can be difficult to know where to start. If you’re interested to understand more about ESG funds and how they can fit within your financial plans, get in touch.

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