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The Science of Climate Change

Climate change is no longer a distant threat or just a possibility, it is now a reality for all of us. In this pathway, Kevin Trenberth, a renowned climatologist, delves into the science behind climate change. He first introduces the climate system, its main components and forces.

Tackling the Plastic Crisis

Plastic pollution is by far the biggest threat to our oceans and this remains an incredibly tough problem to solve. Plastic credits could potentially serve as one of the much needed solutions for this crisis.

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The Scale of the Net Zero Challenge

The price of meeting net zero is estimated to be between $100-150 trillion over the next 30 years. Regardless of this cost, we need to reach net zero before climate change does irreversible damage to the environment and the economy.

ESG, Sustainability and Impact Jargon Buster

ESG, sustainability, impact… they all just mean green, right? Not quite. Despite being used often interchangeably, there are distinct differences between these terms.

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Featured Pathways

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The Science of Climate Change

Climate change is no longer a distant threat or just a possibility, it is now a reality for all of us. In this pathway, Kevin Trenberth, a renowned climatologist, delves into the science behind climate change. He first introduces the climate system, its main components and forces.

Tackling the Plastic Crisis

Plastic pollution is by far the biggest threat to our oceans and this remains an incredibly tough problem to solve. Plastic credits could potentially serve as one of the much needed solutions for this crisis.

More pathways

Ready to get started?

PLANS & MEMBERSHIP

Our Platform

Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Sustainability Unlocked to your current platform

Featured Content

More featured content

The Scale of the Net Zero Challenge

The price of meeting net zero is estimated to be between $100-150 trillion over the next 30 years. Regardless of this cost, we need to reach net zero before climate change does irreversible damage to the environment and the economy.

ESG, Sustainability and Impact Jargon Buster

ESG, sustainability, impact… they all just mean green, right? Not quite. Despite being used often interchangeably, there are distinct differences between these terms.

More featured content

Ready to get started?

Ready to get started?

Green and Sustainable Fintech II

Green and Sustainable Fintech II

Simon Thompson

Chartered Banker Institute CEO & ESG specialist

The finance sector has a rich history of embracing technology, from adding machines to AI and machine learning. The evolution, known as FinTech, involves digital, data-driven, internet-enabled, and AI technologies, impacting the delivery of financial services. Beyond traditional financial institutions, a broad ecosystem includes FinTech and BigTech firms like Apple, Alphabet, and Alibaba. Green and sustainable FinTech is seen as a catalyst for achieving Paris Agreement objectives and UN Sustainable Development Goals. Despite overall positivity, concerns about potential negative consequences of FinTech tools and techniques require attention.

The finance sector has a rich history of embracing technology, from adding machines to AI and machine learning. The evolution, known as FinTech, involves digital, data-driven, internet-enabled, and AI technologies, impacting the delivery of financial services. Beyond traditional financial institutions, a broad ecosystem includes FinTech and BigTech firms like Apple, Alphabet, and Alibaba. Green and sustainable FinTech is seen as a catalyst for achieving Paris Agreement objectives and UN Sustainable Development Goals. Despite overall positivity, concerns about potential negative consequences of FinTech tools and techniques require attention.

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Green and Sustainable Fintech II

6 mins 13 secs

Overview

The finance sector has a rich history of embracing technology, from adding machines to AI and machine learning. The evolution, known as FinTech, involves digital, data-driven, internet-enabled, and AI technologies, impacting the delivery of financial services. Beyond traditional financial institutions, a broad ecosystem includes FinTech and BigTech firms like Apple, Alphabet, and Alibaba. Green and sustainable FinTech is seen as a catalyst for achieving Paris Agreement objectives and UN Sustainable Development Goals. Despite overall positivity, concerns about potential negative consequences of FinTech tools and techniques require attention.

Key learning objectives:

  • Explain the uses and benefits of FinTech tools in promoting G&S development

  • Identify some real-world examples of the impact of FinTech

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Summary
What are Cryptocurrencies, and how can they be used to promote Green & Sustainable Finance?
Cryptocurrencies - These are digital assets, generally using blockchain as a means of exchange for financial transactions without a central issuing authority.
Proponents of cryptocurrencies suggest that decentralised blockchain and smart contract technologies, linked to the availability of environmental performance and sustainability data, can incentivise more sustainable consumer behaviour. For example, Solar Coin, which rewards producers of solar energy.
 What are the challenges and costs of adopting FinTech tools?
  • The risks of digital exclusion, especially in relation to vulnerable customers
  • Granularity - the individual pricing of risk enabled by AI and advanced data analysis, which may exclude individuals from products such as insurance
  • Unconscious bias in AI and machine learning
  • The loss of data control and privacy
  • In the case of cryptocurrencies, bitcoin relies on “mining”, which in turn requires huge computing power and energy consumption to function. This power is often generated via fossil fuels
What are the FinTech challenges in Green & Sustainable Finance specifically?
  • Increased automation can lead to significant increases in job insecurity. At the extreme, the replacement of large numbers of customer-facing and back-office jobs
  • Greenwashing: The benefits of a new product are overstated in order to secure investment or grow market share

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Simon Thompson

Simon Thompson

Simon is the Chief Executive of the Chartered Banker Institute and co-author of Green Finance: Principles and Practice. He is also a former Vice President of the European Bank Training Network, and is currently Chair of the Global Banking Education Standards Committee. He specialises in professional ethics, and green and sustainable finance.

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