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The Science of Climate Change

Climate change is no longer a distant threat or just a possibility, it is now a reality for all of us. In this pathway, Kevin Trenberth, a renowned climatologist, delves into the science behind climate change. He first introduces the climate system, its main components and forces.

Tackling the Plastic Crisis

Plastic pollution is by far the biggest threat to our oceans and this remains an incredibly tough problem to solve. Plastic credits could potentially serve as one of the much needed solutions for this crisis.

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The Scale of the Net Zero Challenge

The price of meeting net zero is estimated to be between $100-150 trillion over the next 30 years. Regardless of this cost, we need to reach net zero before climate change does irreversible damage to the environment and the economy.

ESG, Sustainability and Impact Jargon Buster

ESG, sustainability, impact… they all just mean green, right? Not quite. Despite being used often interchangeably, there are distinct differences between these terms.

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Featured Pathways

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The Science of Climate Change

Climate change is no longer a distant threat or just a possibility, it is now a reality for all of us. In this pathway, Kevin Trenberth, a renowned climatologist, delves into the science behind climate change. He first introduces the climate system, its main components and forces.

Tackling the Plastic Crisis

Plastic pollution is by far the biggest threat to our oceans and this remains an incredibly tough problem to solve. Plastic credits could potentially serve as one of the much needed solutions for this crisis.

More pathways

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Our Platform

Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Sustainability Unlocked to your current platform

Featured Content

More featured content

The Scale of the Net Zero Challenge

The price of meeting net zero is estimated to be between $100-150 trillion over the next 30 years. Regardless of this cost, we need to reach net zero before climate change does irreversible damage to the environment and the economy.

ESG, Sustainability and Impact Jargon Buster

ESG, sustainability, impact… they all just mean green, right? Not quite. Despite being used often interchangeably, there are distinct differences between these terms.

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Green and Sustainable Fintech I

Green and Sustainable Fintech I

Simon Thompson

Chartered Banker Institute CEO & ESG specialist

Over the past decade, digital, data-driven and internet enabled technologies have transformed many aspects of financial services. In this video, Simon will look both at the benefits of applying FinTech to green and sustainable finance, and also at some of the challenges to be overcome.

Over the past decade, digital, data-driven and internet enabled technologies have transformed many aspects of financial services. In this video, Simon will look both at the benefits of applying FinTech to green and sustainable finance, and also at some of the challenges to be overcome.

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Green and Sustainable Fintech I

10 mins 22 secs

Overview

G&S FinTech involves the application of FinTech tools and techniques to retail financial services, corporate banking, capital markets and blockchains to accelerate the growth of green and sustainable development. However, like any new ideas, there are challenges and costs associated with this.

Key learning objectives:

  • Explain the uses and benefits of FinTech tools in promoting G&S development

  • Identify some real-world examples of the impact of FinTech

  • Discuss the many costs and challenges to overcome

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Summary
What are the uses and benefits of FinTech tools?
Uses: FinTech tools enable the tracking and direct transfer of digital assets without the need for trusted intermediaries, and can automate services without the need for human intervention.
Benefits: FinTech techniques can enhance efficiency, distribution and transparency, reduce costs and increase access to finance for individuals and small businesses, particularly in the developing world. This, in turn, can greatly accelerate the growth and development of green and sustainable finance.
 What are some examples of the impact FinTech has made in the real-world?
  1. Improving access to, and lowering costs of delivering financial services
    • This is clearly demonstrated by the availability of financial services via smartphones. This ensures that a greater number of individuals and smaller businesses can access microfinance and insurance to invest in climate mitigation/adaptation activities. In the case of lowering costs, OKO, for example, combines digital and mobile distribution with new technologies in satellite imagery to create low-cost crop insurance for smallholder farms in Africa.
  2. Improving risk management
    • Access to, and the ability to analyse, large and complex climate data and emissions tracking makes it easier for financial institutions to identify, assess, manage, disclose and price climate-related financial risk. For example, Carbon Delta helps investors assess and price ‘climate value at risk’.
  3. Enhancing transparency and market integrity 
    • Monitoring and verifying environmental investments. The availability of this from satellites and drones makes the verification and publication of this impact data more robust, cheaper and more widely accessible. For example, the Green Assets Wallet, developed by Stockholm Green Digital Finance, provides a system for the validation of green investments from automated data feeds and emissions sensors.
  4. Promoting more sustainable consumer and investor behaviour 
    • Payment services that track customer spending behaviour can “nudge” consumers towards more sustainable consumption. For example, Ant Forest, combines behavioural nudges with gamification to reduce carbon emissions and increase reforestation. Users gain carbon points for i.e. using public transport which is converted into ‘green energy’, and in turn used to grow trees.
  5. Improving access to financial markets 
    • FinTech tools and techniques (digital platforms) can reduce the cost of issuing bonds and other securities, making it easier for smaller businesses and projects to receive funding. For example, in 2019, BBVA issued a 6-year, 35 million Euro green bond using an in-house private blockchain platform. The platform allows clients to choose between product configuration options in an entirely digital process, reducing costs and time.

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Simon Thompson

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.

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