Post-Covid-19 economics represents a paradigm shift, and finance will have a pivotal role in the rebuilding effort, according to Pierre Rousseau, Strategic Adviser for Sustainable Business at BNP Paribas, in conversation with the International Finance Corporation (IFC, part of the World Bank Group).
The vital role finance must play in the post-Covid-19 recovery.
The Climate Biz podcast, hosted by the IFC's Marcene Mitchell, Senior Manager of Climate Business and Strategy, and Shari Friedman, Senior Strategist, discusses the transformational effects of the Coronavirus pandemic on the global economy and on society, with Pierre focusing on how finance can support sustainable development:
- Collective action: investors and companies
alike must find the solutions and ideas necessary to address key environmental
and social challenges – with banks playing a key advisory or funding role, which
will require active engagement
- Nature-based solutions to
address biodiversity loss:
Given the urgency of biodiversity risks, nature-based solutions are
needed to support ecosystems and resilience – including new approaches such as blended
finance (e.g. Tropical Landscape Finance Facility), and other approaches to
- Technology & digitalisation: data will be vital in ensuring transparency and traceability of supply chains, while numerous technologies emerging, including hydrogen and new waste management approaches, that will drive forward the circular economy and decarbonisation
|BNP Paribas and climate action|
BNP Paribas has taken the following steps to address the biodiversity and climate action challenge as part of its environmental approach: