#SustyTalk: Lloyds Banking Group’s James Wilde on financing the green recovery
edie's #SustyTalk interview series continues with Lloyds Banking Group's head of sustainability James Wilde taking part in a virtual discussion on financing the green recovery, as well as providing an update on the bank's efforts to halve its emissions.
With edie readers working remotely or on furlough, this brand new series of video interviews keeps you connected to the inspirational business leaders who are continuing to drive sustainability and champion climate action from their own homes.
#SustyTalk is all about keeping edie’s loyal readers connected to sustainable business leaders across the world, whilst reminding us all that sustainability and climate action must go on through the current Covid-19 pandemic and beyond.
The latest episode sees edie’s content editor Matt Mace talk to Lloyds Banking’s group head of sustainability James Wilde to get an update on the company’s ambitious climate targets.
Back in January, Lloyds Banking Group pledged to halve the carbon emissions generated by projects it finances by 2030, in support of the UK’s 2050 net-zero target.
Under the target, Lloyds will launch new “green” finance products for businesses and individuals in 2020. Details of all of the products are yet to be announced, but Lloyds claims they will help businesses to improve building energy efficiency and increase their investment in low-carbon technologies. Mortgages and loans could be on the cards.
In the episode Wilde talks about the efforts the group is taking to accelerate action against the new targets. Wilde then moves on to discuss how the banking markets can finance a green recovery.
A lot of talk has taken place about the need to lockout fossil fuels as part of a green recovery but some carbon and resource-intensive sectors may still be required, especially in developing nations, as the green recovery takes shape. Wilde offers his views on how Lloyds is approaching this delicate situation.
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