4.9 • 3.3K Ratings
🗓️ 8 February 2025
⏱️ 10 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | I want to go to Davos. Something else happened in Davos. This is the World Economic Forum. |
0:07.0 | They had their yearly meeting there. It kind of went under the radar because of Trump's inauguration on HathKid Jr. |
0:12.0 | But we have Bill Winters. He's the CEO of Standard Charter Bank. And listen to what he had to say with that idea in mind. |
0:21.4 | Okay. |
0:22.3 | It feels as though the mood music has changed. |
0:25.4 | Many of the U.S. peers have pulled out of the Climate Alliance. |
0:29.0 | Even Trump, yesterday President Trump has plans to pull out of the Paris framework. |
0:34.7 | Big setback to the green agenda. |
0:44.3 | How is this going to impact the bank's role in promoting this sustainable economy? |
0:54.6 | Importantly, I think, while there's been a clear shift in narrative in particular in the U.S., also some other places, as far as I know, |
0:59.5 | no banks have withdrawn their commitments to supporting a transition to a net zero economy. |
1:06.9 | Because in the long run, it's pretty clear that we need to disgorge ourselves from the reliance on fossil fuels. |
1:10.9 | But when we set this up at Senator Trudader in the beginning, it was two prongs. |
1:15.3 | One of us, we've got to do our bit to do the right thing vis-a-vis our clients because they want to transition to a net zero environment. |
1:18.4 | But it requires massive investment. |
1:19.8 | That's what we do. |
1:20.4 | We come up with those dollars. |
1:22.2 | But two is we make money. |
1:23.1 | It's a big business for us. |
1:24.1 | And we gave the guidance externally a couple of years ago that we'd make a billion dollars |
1:30.6 | of income by 2026. |
1:32.0 | We'll be pretty close to that in 2025. |
... |
Transcript will be available on the free plan in -47 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from The Highwire with Del Bigtree, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Highwire with Del Bigtree and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.