A call for collaboration to achieve the common goals
There is a lot of stuff flying around because of COP26 - and not just Greta and her mates somewhat childish chants - so it’s good to hear directly from the people who have the opportunity to make a significant difference post the conference. What I like most about this post from Charlie Nunn CEO of Lloyds Banking group is the call for collaboration and the recognition that there is strength in both cohesion and numbers.
Charlie Nunn
Group Chief Executive at Lloyds Banking Group
Having had the privilege of attending #COP26 this week in Glasgow, and hosting an event with industry leaders, UK government officials and thought-leaders, it’s reinforced the following three points to me – partnerships, prioritisation and pace.
Partnerships, because we must work more innovatively together, across industry, through investment in the development of new technology, pricing and policy change at a national and regional government level. It was clear during all of my conversations that there is significant opportunity for us to work with industry leaders in areas such as electric vehicle charging infrastructure, renewable energy, residential greening and agriculture. All of these areas are critical for our net zero ambitions.
The pace of change needed is astonishing. To meet our collective commitments we must change at a rate not yet seen before. Which is an incredible thought when you think about the level of change we have experienced in the last 10 years alone. It’s going to take collective energy and effort to lean-in to the changes needed.
Prioritisation is critical. The full course of transition is not fully known but we can and must take action today. We must prioritise the practical changes we can finance now which lead to the greatest impact. We’ve made a start on this but we must do more.
The right partnerships, prioritisation and pace will help us play our part in #FinancingAGreenFuture together.
In my relativity short time at Lloyds Banking Group, I can see clear efforts to meet our commitment of reducing the emissions we finance. In recent years we have expanded the green finance funding available for businesses from £3 billion to £5 billion, became a major investor in Dogger Bank, the world’s largest offshore wind farm, and invested in the largest low emission car fleet in the UK - but we must deliver this at an ever-increasing scale.
Whenever we gear up for big moments like COP26, the fear is that any momentum is lost when it passes, and while we still have another week to go, it’s up to all of us to consider how we work together to accelerate our path to net zero.
#GFANZ #TogetherForOurPlanet
