This podcast episode focuses on the rising public interest in ethical banks and the role of transparency in the financial sector. It discusses how ethical banks have gained popularity as concerns about greenwashing increase, and how customer behavior can influence banks to make more environmentally sustainable investments. The episode highlights the "make my money matter" campaign led by Richard Curtis, which aims to encourage the transfer of pensions to environmentally sustainable funds. Richard Curtis and Mark Carney discuss the importance of transparency in the financial industry, emphasizing the need for responsible investments. The episode emphasizes the positive impact of moving pensions to sustainable funds and advocates for transparency to promote responsible investing.
Main points
• Ethical banks have gained broader interest and popularity in recent years.
• Greenwashing is a concept where banks attempt to appear environmentally friendly without making significant changes.
• Customer behavior can influence banks to change their behavior by threatening to take their money elsewhere.
• The "make my money matter" campaign led by Richard Curtis focuses on moving pensions to environmentally sustainable funds.
• The campaign gained support from Mark Carney, former governor of the Bank of England, who highlighted the importance of transparency in the financial industry.
• Moving pensions to sustainable funds and increasing transparency can lead to responsible and environmentally friendly investments.
