Sustainable Finance Powering Sustainable Development | Tara Schmidt

Sustainable Finance powering Sustainable Development. Can the banking system build a different, better world than we have today?

Tara Schmidt, of Lloyds and Bank of Scotland, has bet her career on it. She argues that, after the turmoil of 2008 and Covid-19, finance can be the ‘tip of the spear’ in the drive towards a sustainable future.

Tara Schmidt is Head of Climate and Sustainability Strategy, Sustainability & ESG Finance at Lloyds Bank and Bank of Scotland.

An engineer by training, Tara moved out of the oil industry in 2004 and has been working in sustainability consulting around the world ever since, with Accenture, ERM, and Wood Mackenzie.

In episode 13 of the Conversations on Climate Tara talks to Chris Caldwell of United Renewables, the highlights include:

Her early interest in sustainability, and finding environmental engineering before it was a taught course.

Applying the finance sector’s risk management lessons from 2008, to climate change.

E, S & G – a history of interdependence, and a problem of measurement
Winning over board rooms: the power of ‘what-if?’.

The importance of global frameworks in shifting walkers to joggers to runners on climate.

The potential of a just transition to revive the UK’s industrial heartlands
Saudi Arabia, Malaysia, South Africa – avoiding decarbonisation ‘scarring’ in the developing world.

COP 27 and beyond: looking holistically at crisis and opportunity
A message to MBAs: be brave and take that pay cut!

What a fascinating conversation! This is not one that should be missed if you are in the business industry or looking to invest.

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