Climate & Finance

Introduction

2 Opposite Worlds & Cultures Are Starting To Get Along

Here we are. On-board and ready to start our Climate Finance journey. It all started when we heard that our investments actually create more carbon than our lifestyle activities combined.

That’s right: More carbon created from your savings, pension fund or life insurance, than the amount of carbon you put in the atmosphere by eating, traveling, consuming and living somewhere. With this series, we found ourselves investigating the beginning of a major transition. We looked at the issue in depth together with leading experts & politicians.

We went much further than what we thought we would be able to. We also had much more fun than you’d think.

Let’s dive in.

Shortcut to Episodes

The Full Story

Episode 1

Climate & Finance #1: How Your Savings Impact Climate Change

Produced by Camille Duran / Published by Eleen Murphy / Senior Editors Eleen Murphy & Camille Duran / Transcribed by Oanh Nguyen / Music Credits: License by Ins. Green White Space. Photo by Rafael Matsunaga/CC BY

In most countries in the Western world—and definitely in the Nordics—much of the money that is sitting at the bank, in other words “our savings,” is used every day to invest in global financial markets. Most people ignore what is really happening backstage with their investments, life insurance, pension scheme, etc.

In this episode, we analyse the connection between finance & climate change, conclude on the Paris COP21 and talk to Magnus Emfel, Senior Advisor for Green Finance at WWF International to decrypt these issues and answer one question: Who makes the decisions that lead us to investing in the problem?

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Episode 2

Climate & Finance #2: The System We Need

Produced by Camille Duran / Published by Eleen Murphy / Senior Editors Eleen Murphy & Camille Duran / Transcribed by Oanh Nguyen / Music Credits: License by Ins. Green White Space. Special thanks to Han Nguyen, Magnus Emfel, Amelia Johannsen & Gabriela Lemos Borba. Photo by Serendigity/CC BY

In this episode, we take a trip to the year 2050 to look at how the financial system should look like, in a scenario where we managed to stay below 2-degree warming of the climate system compared to pre-industrial levels. We review the pre-requisites for institutional investment to align with climate science, guided by insights from our world-class experts.

This episode features views from Eric Usher (UNEP FI, Portfolio Decarbonisation Coalition) & Julian Poulter (Asset Owners Disclosure Project).

In the next episode of our series, we will go through a backcasting exercise and discuss the roadmap to reach our 2050 targets. Change management at its best!

MADE POSSIBLE BY: WWF

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Episode 3

Climate & Finance #3: Investors & The Power To Solve Climate Change

Produced by Camille Duran / Senior Editors Eleen Murphy & Camille Duran / Transcribed by Oanh Nguyen / Music Credits: License by Ins. Green White Space. Special thanks to our guests and to Han Nguyen, Magnus Emfel, Amelia Johannsen & Gabriela Lemos Borba. Photo by Lip Kee Yap/CC-BY SA

In this episode, we review what key actions we need to take in the coming years to stay under the two degrees of global warming of the climate system. With a focus on government & investors’ role, we dig into strategies for driving portfolio decarbonisation and green infrastructure development. This episode features Swedish Minister for Financial Markets & Consumer Affairs Per Bolund,

Sean Kidney (CEO at Climate Bonds Initiative), Eric Usher (UNEP FI, Portfolio Decarbonisation Coalition) & Julian Poulter (Asset Owners Disclosure Project).

You’ll also hear Leonardo DiCaprio’s climate speech at the Oscars, get tips on a great movie and hear an inspiring story from Kate Hammer, our stellar storyteller.

MADE POSSIBLE BY: WWF

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Episode 4

Climate & Finance #4: What Gets Measured Gets Done (Part 1)

Produced by Camille Duran / Published by Linnéa Hultén / Senior Editors Eleen Murphy & Camille Duran / Music Credits: License by Ins. Green White Space.

You know the real problem with money – apart from never having enough? It’s that even when we don’t spend it – to buy stuff that we don’t really need – our bank, pension fund, insurance company are investing it on markets. And with our money, they finance technology and infrastructure projects that are doing harm to the Planet or to society.

This podcast series about Climate Finance was created to investigate what’s going on behind the scenes, and what needs to change. In this episode we talk to Jakob Thomä from the 2° Investing Initiative to review how can the financial sector align with the climate goals from the Paris Agreement. This episode is released in two parts.

MADE POSSIBLE BY: WWF

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Episode 4

Climate & Finance #4: What Gets Measured Gets Done (Part 2)

Produced by Camille Duran / Coordinated by Han Nguyen / Published by Linnéa Hultén / Senior Editors Eleen Murphy & Camille Duran / Music Credits: License by Ins. Green White Space.

You know the real problem with money – apart from never having enough? It’s that even when we don’t spend it – to buy stuff that we don’t really need – our bank, pension fund, insurance company are investing it on markets. And with our money, they finance technology and infrastructure projects that are doing harm to the Planet or to society.

This podcast series about Climate Finance was created to investigate what’s going on behind the scenes, and what needs to change. In this episode we talk to Jakob Thomä from the 2° Investing Initiative to review how can the financial sector align with the climate goals from the Paris Agreement. This episode is released in two parts.

MADE POSSIBLE BY: WWF

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Episode 5

Climate & Finance #5: A Tool to Assess Portfolio Alignment with the Goals of the Paris Agreement

Produced by Camille Duran / Published by Eleen Murphy / Senior Editors Eleen Murphy & Camille Duran / Music Credits: License by Ins. Green White Space.

Today we get practical. Earlier in the series we clarified the role of asset owners in helping us stay below the 2 degree goal of the Paris Agreement, and talked about how they should benchmark the performance of their investment portfolios. But how does this work in practice? Good news: models and tools are under way and some of the biggest EU asset owners have accepted to disclose their data and put their equity portfolio to the test bench.

The tool we discuss is an assessment on forward-looking scenario-based metrics conducted by WWF and the 2° Investing Initiative in 2017. We talk to asset owners who have been through the exercise and discuss challenges to overcome, the TCFD recommendations released earlier this year and review what’s coming up in 2018. Happy listening!

Guests: Magnus Billing, Alecta // Andreas Stang, PFA // Paddy Arber, Aviva // Sebastien Godinot, WWF.

MADE POSSIBLE BY: WWF

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