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ESG & sustainabilityOctober 21 2021

COP from home?

Much is expected from the UN climate conference in Glasgow, not least from banks on their commitments to net-zero carbon emissions, but considering a remote attendance may not be the end of the world; in fact, it might help it.
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Are you going to COP26? Many may be excused for feeling overwhelmed by the late scheduling and complex logistics that have only been made worse by the pandemic, despite wanting to be present at such a monumental gathering. This is the year of bigger, more ambitious climate commitments, we are told. But many others, or indeed all, would also be excused for feeling that by attending, they would be as much a part of the problem as the solution. Naturally, most of the travel to Glasgow, UK, where the UN’s 26th Conference of the Parties will take place this November, will be by air.

Bankers in particular may feel the twisted pressure of another, specific layer of responsibility as they are called upon to stop financing the fossil fuels on which those UK-bound planes still run. This is a genuine point as, while some are responding to this responsibility more clearly than others, there is yet no replacement for oil as of yet. Or gas, for that matter.

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Silvia Pavoni is editor in chief of The Banker. Silvia also serves as an advisory board member for the Women of the Future Programme and for the European Risk Management Council, and is part of the London council of non-profit WILL, Women in Leadership in Latin America. In 2019, she was awarded an honorary fellowship by City University of London.
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