As we face the need for urgency in addressing climate change, new ideas are beginning to surface. The CEO of Volkswagen noted in the Financial Times this week that they are looking for “a young climate campaigner to “aggressively” challenge the company’s environmental policies.” This new hire will be able to directly be in touch with the senior management. In the same article Siemens noted they are also looking for an internal champion for environmental issues for their Supervisory Board.
This suggests another positive step banks can take to deliver impact in addressing the climate change issue. Large bureaucratic organisations (a better description of a bank is hard to imagine) often need to empower change agents with direct access to top management to create support for needed change.
- Are there banks ready and willing to meet that challenge?
- Are they ready to feel the pain?
