The panelists agreed there are financial and ethical incentives to sustainable investing.
The discussion was part of Insider s virtual event Financing Net-Zero, presented by IDA Ireland, which took take place on Thursday, May 13, 2021.
Business leaders from three power players in the world of sustainable finance discussed the future of the practice with Insider s Reed Alexander at Insider s Financing Net-Zero virtual event, presented by IDA Ireland.
Megan Starr, global head of impact at The Carlyle Group, Melissa James, vice chairman of global capital markets and co-head of the ESG center for excellence at Morgan Stanley, and Sandip Sen, co-head of the natural resources and clean energy transition group at Citi provided overviews of how their firms are looking to incentivize and institutionalize environmental, social, and governance (ESG) standards.
WASHINGTON - MARCH 26: Mark Bowen loosens a stack of one dollar bills on a vibrating table before they are cut into singles at the Bureau of Engraving and Printing on March 26, 2009 in Washington, DC. The roots of The Bureau of Engraving and Printing can be traced back to 1862, when a single room was used in the basement of the main Treasury building before moving to its current location on 14th Street in 1864. The Washington printing facility has been responsible for printing all of the paper Federal Reserve notes up until 1991 when it shared the printing responsibilities with a new western facility that opened in Fort Worth, Texas.
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Citigroup announced the formation of a new clean energy-focused advisory group Thursday.
The group is an outgrowth of its existing natural resources and clean energy transition group.
Sandip Sen, cohead of the NRCET group, shared more details with Insider about the new subdivision.
Citigroup is taking steps to build out a specialized unit within its banking, capital markets, and advisory division concentrated on advancing clients sustainability efforts.
The clean energy transition (CET) group, a division of Citi s recently-established natural resources and clean energy transition (NRCET) banking advisory group, will be set up effective immediately, per an internal memo reviewed by Insider. The memo was sent by Steve Trauber and Sandip Sen, the NRCET group co-heads.
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