S1E90: How insurers and asset managers can drive the green transition

Synopsis: Every first and third Monday of the month, The Straits Times analyses the beat of the changing environment, from biodiversity conservation to climate change. In this episode, we look how insurers and asset managers can be powerful actors in accelerating the green transition. The finance sector, including insurers, can set tougher policies that limit or exclude financing and coverage to fossil fuel-linked firms and instead focus on renewable energy and other low-carbon investments. ST’s climate editor David Fogarty hosts his Paris-based guest Thomas Coudert, head of fixed income sustainability for AXA Investment Managers. This episode is brought to you by AXA Investment Managers: https://str.sg/wCpw Highlights (click/tap above): 1:12 The investment management industry, what it invests in and how much money is at its disposal to invest in companies and assets? 2:29 The Net Zero Asset Managers Commitment: With 291 signatories, including AXA IM, it commits to support the goal of net zero greenhouse gas emissions by 2050 or sooner 3:35 Their 3-step action plan 5:45 Outlook and industry expectations after a 'disappointing' COP27 7:15 AXA IM has nearly 900 billion euros in assets under management: What portion is invested in green energy assets, or green bonds? How it is lowering its exposure to fossil fuel assets 9:46 How the Russian invasion of Ukraine will delay the transition to a low-carbon economy in short term, but how it could drive the green transition in the long term 11:00 After COP27, is there stronger action outside the UN process that gives hope? How blended finance can support climate change transition Listen to Pt 2: Driving net zero plans and helping companies decarbonise - https://str.sg/wFuD More from AXA IM on responsible investing: https://str.sg/wCpi Protecting portfolios against greenwashing: https://str.sg/wCp5 Sustainable Investing: https://str.sg/wCpS Produced by: David Fogarty ([email protected]), Ernest Luis and Hadyu Rahim Edited by: Hadyu Rahim Follow Green Pulse Podcast here and rate us: Channel: https://str.sg/JWaf Apple Podcasts: https://str.sg/JWaY Spotify: https://str.sg/JWag Google Podcasts: https://str.sg/J6EV  Website: http://str.sg/stpodcasts Feedback to: [email protected] Follow David Fogarty on Twitter: https://str.sg/JLM6 Read his stories: https://str.sg/JLMu --- Discover ST's special edition podcasts: The Unsolved Mysteries of South-east Asia: https://str.sg/wuZ2 Stop Scams: https://str.sg/wuZB Singapore's War On Covid: https://str.sg/wuJa Invisible Asia: https://str.sg/wuZn --- Discover more ST podcast series: Asian Insider: https://str.sg/JWa7 Health Check: https://str.sg/JWaN In Your Opinion: https://str.sg/w7Qt Your Money & Career: https://str.sg/wB2m #PopVultures: https://str.sg/JWad ST Sports Talk: https://str.sg/JWRE Bookmark This!: https://str.sg/JWas Lunch With Sumiko: https://str.sg/J6hQ Discover ST Podcasts: http://str.sg/stpodcasts Discover BT Podcasts: https://bt.sg/pcPL Follow our shows then, if you like short, practical podcasts! #greenpulseSee omnystudio.com/listener for privacy information.