How banks are trying to capture the green transition

Private sector banks in the UK should have a central role in financing climate action and supporting a just transition to a low carbon economy. Framed as a strategic opportunity that climate change represents for investors, the report identifies four specific reasons why banks should support the just transition. It would reinforce trust after the financial crisis; it would demonstrate leadership; it would reduce their exposure to material climate risks; and it would expand their customer base by creating demand for new services and products.