The Carbon Effect of Corporate Bank Accounts and Retirement Plans: The Power of Redirecting Capital to Climate-Friendly Options with a racial and climate justice focus:Business for Climate Finance Impact Experience
Details
- September 20, 2022
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10:00 am - 3:00 pm EDT
- Issues:
- Climate & EnvironmentHuman Rights
Many leading companies have set ambitious Net Zero targets but are not utilizing the opportunity to decarbonize their cash deposits and dramatically accelerate their achievement of these goals. Business Climate Finance has the goal to both decarbonize corporate bank accounts and employee retirement plans, starting with a group of leading U.S. companies. This approach is modeled after the success of REBA (now CEBA), which has convened companies to procure 100% renewable energy. The goals of this effort include moving capital towards climate friendly lending at minority depository institutions, credit unions, B Corp banks, and other climate-friendly lenders, as well as towards climate friendly retirement investment funds. Using a Justice, Equity, Diversity, and Inclusion (JEDI) lens, the initiative is action oriented and focused on solutions development. Companies will have an opportunity to connect with their peers who are leaders across the field around this important work and engage with Business Climate Finance to guide them through decarbonizing their bank accounts and retirement plans. This event will take place in New York City during Climate Week 2022. For more information about the Business for Climate Finance Initiative please visit: www.businessclimatefinance.org
Location of the event
Many leading companies have set ambitious Net Zero targets but are not utilizing the opportunity to decarbonize their cash deposits and dramatically accelerate their achievement of these goals. Business Climate Finance has the goal to both decarbonize corporate bank accounts and employee retirement plans, starting with a group of leading U.S. companies. This approach is modeled after the success of REBA (now CEBA), which has convened companies to procure 100% renewable energy. The goals of this effort include moving capital towards climate friendly lending at minority depository institutions, credit unions, B Corp banks, and other climate-friendly lenders, as well as towards climate friendly retirement investment funds. Using a Justice, Equity, Diversity, and Inclusion (JEDI) lens, the initiative is action oriented and focused on solutions development. Companies will have an opportunity to connect with their peers who are leaders across the field around this important work and engage with Business Climate Finance to guide them through decarbonizing their bank accounts and retirement plans. This event will take place in New York City during Climate Week 2022. For more information about the Business for Climate Finance Initiative please visit: www.businessclimatefinance.org