Levante’s Post

The Global Alliance for Banking on Values (GABV) had the opportunity to join the #climatehub at the UN Bonn Climate Change Conference with We Don't Have Time, the world's largest media platform for #climateaction. Our Executive Director, Martin Rohner, shared how values-based banks have ambitious climate goals. Most GABV members exclude financing of any fossil fuel-related activities, and many have committed to ambitious net zero targets as early as 2035. 21 GABV members are the first banks worldwide to sign up to the call for an international Fossil Fuel Non-Proliferation Treaty Initiative to stem the further expansion of fossil fuel exploration and production. Finance plays a pivotal role in achieving the climate goals agreed by the international community. More information about why banks should join the call for a Fossil Fuel Treaty: https://lnkd.in/dMwSx3b5 #BankingonValues #MovetheMoney #FossilFuelTreaty #UNCCC Triodos Bank Triodos Bank España Charity Bank Vancity Banco Popular HN BancoSol Sunrise Banks Banca Etica Fiare Banca Etica Unity Trust Bank vdk bank NMB Bank Ltd. Centenary Bank Amalgamated Bank Beneficial State Bank Clearwater Credit Union Climate First Bank Cultura Bank Ekobanken Merkur Andelskasse Summit Credit Union Freie Gemeinschaftsbank Genossenschaft FINCA DRC

𝗖𝗮𝗹𝗹𝗶𝗻𝗴 𝗳𝗼𝗿 𝗗𝗶𝗮𝗹𝗼𝗴𝘂𝗲 𝗼𝗻 𝗛𝗼𝘄 𝘁𝗼 𝗔𝗰𝗰𝗲𝗹𝗲𝗿𝗮𝘁𝗲 𝗡𝗮𝘁𝘂𝗿𝗲 𝗕𝗮𝘀𝗲𝗱 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀: Once the nature based solution is in place, do we need umpteen levels of verification and transaction costs or do we just need to verify the tree (or other nature based solution) is still alive? To put it in a different context: I have a piece of land an a build a house, office, something. The bank gives me a 20yr mortgage. They verify the building is standing for the duration of the mortgage. We know trash contributes to the deterioration of the structure. They don't have any mortgage verification on the amount of trash in and around my property. Yes, this is a problem. However, does the problem require an expert consulting firm specialized in waste management to tell the bank there is a problem or does the bank just call building inspection?

🎤 #STOAOnTheAir We're proud to have been represented at the @PEI Infrastructure Investor Summit in Berlin by Catherine Edet, Head of ESG at STOA! 🌍 She spoke on two pivotal panels: “How to define and finance nature-based solutions” at the ESG and Sustainability Forum and “Sustainability in emerging markets: driving positive change and economic growth” at the Emerging Market Forum. "This event was a great opportunity to share experiences and lessons learnt from key players, to present challenges and opportunities related to nature-based solutions (and the link with ecosystem services), and to discuss projects with climate co-benefits in emerging countries." 🌱 These discussions align with STOA's commitment to financing projects that not only foster climate resilience but also ensure sustainable economic growth, particularly in Africa. In 2024, 73% of our financed projects have climate co-benefit and we ensure at least 50% of our financed projects are in Africa, as part of our STOA Impact Strategy. 🌐 #Climate #ESG #Impact #InfrastructureProjectFinance

#TDBGroup had the pleasure to contribute to a session focused on fostering #greeninvestment and #partnerships in #Africa organised during #COP29 in #Baku, by CDP Cassa Depositi e Prestiti, Ministero degli Affari Esteri e della Cooperazione Internazionale, and Ministero dell'Ambiente e della Sicurezza Energetica alongside other leading voices in climate finance. “While demand for climate-themed capital is very high in Africa, its supply has been slow, aggravated by often challenging conditions for the use of proceeds and high cost of funding. We need more effective win-win partnerships to unlock the deployment of more climate finance. TDB Group’s interventions are aligned with the spirit of #Italy's Mattei Plan, and the Italian Climate Fund managed by #CDP. In particular, the Group’s Trade and Development Fund #TDF can play a pivotal role in intermediating soft capital where it is needed the most, and provide technical assistance to enhance the bankability of relevant projects.”   -Mary Kamari, Executive Director, Trade and Development Fund, and Group Executive, Corporate Affairs and Investor Relations, TDB Group #infrastructure #sustainabledevelopment #foodsecurity #energytransition #PGII #climatefinance #greengrowth

The Africa Social Impact Summit (ASIS) 2024 underscored the critical role of ethical banking and innovative financial strategies in shaping Africa’s sustainable future. Korede Demola-Adeniyi, Executive Director, The Alternative Bank, highlighted the importance of blending finance models and collaboration to meet the continent’s evolving financial needs. By integrating ethical practices into financial systems, institutions like The Alternative Bank are not only addressing current financial challenges but also paving the way for inclusive economic growth. These efforts ensure that sustainability and social impact are at the forefront of financial innovation. As we look toward the future, it’s clear that the key to unlocking Africa’s potential lies in partnerships and financial solutions that prioritize sustainability, equity, and long-term growth. #ASIS2024 #SustainableDevelopment #Partnerships

🌱 IFC - International Finance Corporation's investment in #Romania’s UniCredit Bank Romania expands access to green loans for #MSMEs in Romania, driving climate finance and supporting businesses to go green. 

Triodos Bank had the opportunity to join the #climatehub at the UN Bonn Climate Change Conference on 11 June, organised by We Don't Have Time, the world's largest platform for #climateaction. Jacco Minnaar, Chief Commercial Officer at Triodos Bank, talked about the need for the financial sector to phase out fossil fuels. Triodos Bank believes the financial sector plays a crucial role in achieving a net-zero society, because it matters what we do with our money. That is why Triodos Bank was the first bank to support the Fossil Fuel Non-Proliferation Treaty Initiative, an international call on governments to end the expansion of fossil fuel exploration and production. As it stands now, 21 members of the Global Alliance for Banking on Values have also joined this call. You can find more information on our support for the fossil fuel treaty here: https://lnkd.in/efFX4tiq. And in the clip below you can hear Jacco Minnaar talk about the difficulties large banks have in ending the financing of fossil fuels.

As a green financier Nefco - the Nordic Green Bank aims to fill a critical financing gap to accelerate the #GreenTransition. We make exclusively green investments considering climate, biodiversity and social issues. “The Nordic region is one of the wealthiest, most stable and most democratic parts of the world. As such, we have not only an opportunity but also a responsibility to take a lead role in the green transition” says Nefco’s Managing Director Trond Moe. 💚Read ’Nefco in 2023’ publication for a #summary of our financing activities, results & impact during the year: https://lnkd.in/ex_Q3AdE #NordicGreenBank #Ready2Risk4Green #AnnualReport2023

#ESGinsight #interview 💚 There is no green transition without an adequate financial background, which is why banks have a main role in financing green projects: promoting green energy, electromobility, energy efficiency, and in general supporting households and businesses to embark on a sustainable path. Therefore, OTP Group, as a constructive ESG partner, with commitment and expertise is working on financing the gradual transition to a low-carbon economy of the region and building a sustainable future. This is why, for the second year in a row, OTP Group supported the major regional event ESG Adria Summit as a platinum sponsor. Alongside representatives from the Hungarian OTP Bank, its subsidiaries from Montenegro (CKB bank), Serbia (OTP banka Srbija), Albania (OTP Bank Albania), Croatia (OTP banka d.d.) and Slovenia (SKB banka and Nova KBM d.d.) were also part of the ESG Adria Summit. BIZLife Digest business portal asked Gergely Pókos, executive Director of OTP Bank's Green Program Directorate about the topic: What can a financial institution do to help the green transition of the CEE region? Why is it important for the regional companies a for the society/for people who live in the CEE region? What are the key aspects of sustainability that impact the operations of banks in the Balkan region? What specific steps are banks taking to support a fair transition to a low-carbon economy? How popular are green products with customers? What are the trends? How can you encourage them to use these products? OTP Group has been named the world's best bank for sustainability transparency by Global Finance Magazine. How and why has the banking group earned this accolade? For the answers please click below. Thank you BizLife for the interview! 💚  

Stanbic IBTC showcases its impactful year in sustainability across Kenya and South Sudan in 2023. Over KES 100 Billion was was channeled towards green projects, MSMEs, and trade. Dr. Joshua Oigara, CEO of Stanbic Bank Kenya and South Sudan, shares their commitment to: Embedding sustainability into core operations. Empowering marginalized groups through sustainable finance. Accelerating socio-economic development and climate action. Prioritizing diversity and inclusion within the company. Maintaining the highest standards of sustainability reporting.