After COP28: What's next for financial institutions?

ESG
11/01/2024 Article
profile picture of Peter Plochan

Peter Plochan

Qorus

Senior Community Advisor

The 28th Conference of Parties (COP 28) took place in Dubai in December, just before the holiday season. Amidst the hottest year on the observation record, this was the major climate event of 2023, shaping global responses to climate change. COP28 provided a unique opportunity to explore the confluence of regulatory requirements and global environmental initiatives with far-reaching impact across regions and sectors, including financial institutions. The main objective of COP28 was to take stock of the progress made by the parties on the implementation of the Paris Agreement and to agree on a course of action to dramatically reduce greenhouse gas emissions and protect lives and livelihoods.

The discussions lasted longer than expected, and the final conference statement was released only after a long night of debates between the delegates. It is the first time that the world united around a clear text on the need to transition away from fossil fuels.

Want to keep reading?

Create a web account to get access to more insights

Related news & insights

SME Banking
26/07/2024 Video

Opportunities and challenges for SMEs in post-COVID Asia

Aditya Sharma, Global Head of Small Business Products and Portfolio Clients at Standard Chartered Bank, discusses the trends and challenges...

ESG
24/07/2024 Video

Standard Bank's innovative Looksee platform to empower homeowners

Marc Du Plessis, the Executive Head of the Looksee Platform at Standard Bank, presents a product that has made a...

ESG
18/07/2024 Interview

The changemakers: La Banque Postale's journey to a mission-led future

Following the announcement of its company purpose in June 2021, the French bank La Banque Postale (LBP) became a mission-led...

Insurance
17/07/2024 Article

How AXA XL uses AI to protect what matters

Insurers are increasingly using AI and data to transform the way they operate. Laura Barkatz, Global Lead, Data Strategy, and...

Digital Reinvention
16/07/2024 Article

Voting opens for 2024 Qorus-Infosys Finacle Banking Innovation Awards

More than 390 innovations were submitted by 177 financial institutions from 57 countries for this year’s Qorus-Infosys Finacle Banking Innovation...

Digital Reinvention
15/07/2024 Article

Financial Innovation Spotlight – July 2024 edition

This global innovation journey begins in Singapore, where OCBC Securities offers AI-driven personalized stock recommendations. Then we head to the...

ESG
14/07/2024 News

NatWest puts accessibility at the heart of digital banking

NatWest Group is prioritizing accessibility in its digital services to ensure all customers, including those with disabilities, can easily navigate...

ESG
14/07/2024 News

Chase enhances accessibility in digital banking

James Green, Head of Digital Accessibility at Chase, has been instrumental in advancing the bank's efforts to make its technology...