Retail Banking and the Green Economy
In the first part of this two-part video series on “Banks and the Green Economy”, Simon gives us an overview and some examples of how banks can – and are – supporting the transition to a green economy.
Overview
Banks are the primary source of credit for households and businesses, and the driving force behind our economic existence. They are extremely well positioned to reallocate credit, and mobilise capital away from environmentally harmful activities towards the green economy, supporting the transition to a sustainable, low carbon world. The term “banking” can be applied to a large range of financial institutions which caters a diverse range of clients, regions and sectors.
Key learning objectives:
What is a Retail Bank?
Explain the functions of a retail bank
Identify some examples of retail banking products and services
Explain Green Mortgages
Summary
Expert
Simon Thompson
Simon is the Chief Executive of the Chartered Banker Institute and co-author of Green Finance: Principles and Practice. He is also a former Vice President of the European Bank Training Network, and is currently Chair of the Global Banking Education Standards Committee. He specialises in professional ethics, and green and sustainable finance.
