Nicky van Dijk and Sven Renon - What's left of the climate commitments of the financial sector?

In this episode, Karel Nierop assesses how financial institutions are progressing on their emissions reduction targets with Nicky van Dijk, Lead Researcher for the Climate Court Case against ING at the Dutch NGO Milieudefensie, and Sven Renon, Sustainability Researcher at Triodos Bank.

Following the ESG-backlash, financial institutions have abandoned their voluntary climate commitments en masse. Triodos Bank recently also revised its climate strategy and no longer claims to be net zero in 2035. The bank also left the Net Zero Banking Alliance. So where do we stand? Is the financial sector still on track to reach the goals set by the Paris Climate Agreement? Has Triodos given up on climate? Or has the time come for more rigorous action?

This is a follow up from the podcast on bank’s climate commitments we recorded in 2024: https://open.spotify.com/episode/0jawpf3a08cuEuyTZK5YFh?si=0pJHIMdXT72SVNRzUF-Glw

Learn more about Scope 3 emissions here: What are Scope 3 emissions and why do they matter? | The Carbon Trust

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