The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Opinion

Responsible finance: The research note that could be a tipping point

It has taken the climate crisis to bring our collective focus onto the role of financing and the role of banks.



HA_column_banner_NEW-780.jpg



Climate angst surely went up a few notches in February when Extinction Rebellion spokesman Rupert Read sent a copy of a January JPMorgan client research note to members of the UK press.

The report looked at the impact of climate change on the economy and stated in apocalyptic tones that “something will have to change at some point if the human race is going to survive.”

Why this research note received more traction – and outrage – than others put out by banks is not entirely clear. Perhaps because it refers directly to human extinction, rather than only the dislocation of certain demographics in developing countries?

In which case, perhaps human extinction should be mentioned more often so consumers in the west understand that climate change is not someone else’s problem.






Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree