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Banking Essentials - Part I
This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.
Greenwashing
Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.
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Tackling the Cost of Living Crisis
In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.
CSR and Sustainability in Financial Services
In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.
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Mark Homans
Our sky high NPS following learner feedback speaks for itself - this platform has delivered a lot of value.
Fiona Quinn
Learning is accessible and the tool assists in the continued development of all our employees. It is a fantastic tool for our business!
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Categories
Discover our Courses
Featured Pathways
More pathways
Banking Essentials - Part I
This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.
Greenwashing
Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.
More pathways
Ready to get started?
Plans & Membership
Find the right plan for you
Our Platform
Expert led content
+1,000 expert presented, on-demand video modules
Learning analytics
Keep track of learning progress with our comprehensive data
Interactive learning
Engage with our video hotspots and knowledge check-ins
Testing & certification
Gain CPD / CPE credits and professional certification
Managed learning
Build, scale and manage your organisation’s learning
Integrations
Connect Finance Unlocked to your current platform
Featured Content
More featured content
Tackling the Cost of Living Crisis
In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.
CSR and Sustainability in Financial Services
In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.
More featured content
Ready to get started?
Our Solutions
About Us
Testimonials
More testimonials
Mark Homans
Our sky high NPS following learner feedback speaks for itself - this platform has delivered a lot of value.
Fiona Quinn
Learning is accessible and the tool assists in the continued development of all our employees. It is a fantastic tool for our business!
More testimonials
Ready to get started?
Retail Banking and Green Economy
Simon Thompson
Chartered Banker Institute CEO & ESG specialist
In this video, Simon delves into the pivotal role of retail banks in driving the transition to a sustainable, low-carbon economy. He explains how these financial institutions are actively promoting eco-friendly choices through their innovative "green" banking initiatives. He further explores the range of products and services, such as green mortgages, loans, savings, and investments, that retail banks offer to incentivise a more sustainable world.
In this video, Simon delves into the pivotal role of retail banks in driving the transition to a sustainable, low-carbon economy. He explains how these financial institutions are actively promoting eco-friendly choices through their innovative "green" banking initiatives. He further explores the range of products and services, such as green mortgages, loans, savings, and investments, that retail banks offer to incentivise a more sustainable world.
Banks, critical to our economy, can drive the transition to a sustainable, low-carbon world. Recently, "green" banking has grown, powered by policy changes, market forces, and evolving consumer attitudes. However, green lending and investment still form less than 4% of total global lending. Diverse financial institutions, including retail banks, are essential in this green transformation. Retail banks offer green products like mortgages and loans, incentivising lower-emission homes and vehicles. They also promote sustainable business practices through green lending. This new phase of retail banking, while advantageous for banks and customers, significantly contributes to a more sustainable world.
Key learning objectives:
Understand the role retail banks can play in the transition to a low-carbon economy
Outline some of the key products being offered by retail banks facilitating the transition
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What are the three main functions of retail banks?
- Deposit-taking: Retail banks allow individuals and small businesses to safely deposit money and save for the future
- Managing payments: They provide an efficient and secure system for settling financial transactions
- Extending credit: Retail banks provide loans and overdraft facilities, essential for individual home ownership and small business growth
How can retail banks facilitate the transition to a low-carbon economy?
Retail banks facilitate the transition to a low-carbon economy through "green" banking initiatives. These include providing green retail products such as mortgages, loans, savings, investments, and payment services that incentivise eco-friendly choices. They are also pivotal in reallocating capital away from high-carbon sectors towards environmentally friendly ones. Despite green finance currently being a small part of total lending, its rapid growth indicates a promising role for banks in supporting sustainable development.
What products are offered by retail banks facilitating the transition?
Retail banks currently offer a range of green products facilitating the transition to a low-carbon economy:
Green Deposits, Savings, and Payments: Banks like Ekobanken and Nordea provide green savings accounts, and CO2 trackers, incentivising customers to save and spend sustainably. Notable is Alipay's "AntForest" app, which promotes sustainable behaviour and supports reforestation.
Green Mortgages: Banks incentivise customers to buy energy-efficient homes or improve existing ones by offering attractive interest rates. Barclays, for instance, launched the UK's first green mortgage.
Green Vehicle Loans: Retail banks like Bank Australia incentivise customers to buy low or zero-emissions vehicles by offering favourable interest rates, tied to the vehicle's environmental impact.
Green SME Business Lending: Retail banks offer green loans to small businesses investing in sustainable practices. Banks like HSBC and Nordea Bank provide loans linked to sustainable investments and activities.
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This video is now available for free. It is also part of a premium, accredited video course. Sign up for a 14-day free trial to watch more.
Simon Thompson
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