Another good article and so very very true. If these corporate scum bags can make a dollar, they dont give a rats about the planet so lets make this mandatory imo. How we do this is complex but needs to be worked on and mandated.
https://www.bloomberg.com/news/articles/2021-05-25/climate-voluntarism-won-t-deliver-needed-bank-action-aviva-says?srnd=premium-asia
If the financial-services sector is to play a meaningful role in supporting efforts to limit global warming, climate action from banks and asset managers should be mandatory not optional, according to a high-ranking executive at Aviva Investors.A wave of voluntary commitments to cut net direct and financed emissions to zero, as well as pledges to finance renewable energy and clean technologies, can only get us so far in addressing the climate challenge, said Steve Waygood, chief responsible investment officer at Aviva Investors. Speaking on a panel at Bloomberg's The Future of Sustainable Investing: A Decisive Year for ESG summit, Waygood said as long as bankers and investors can make money “doing the wrong thing” on climate, such as funding activities that warm rather than cool the planet, they will continue to do so.
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