While the COP 27 will take place in November 2022, in Egypt, the climate emergency is becoming increasingly urgent. The findings in the 6th report of the Intergovernmental Panel on Climate Change (IPCC) are alarming: at the current rate of development, global warming could reach 2.7°C by the end of the century, above the target set by the Paris Agreement, well below 2°C.
In addition to designing responsible financial products and services, we support a variety of initiatives and innovations to address the major challenges of climate change with a clear objective: to finance a carbon-neutral economy by 2050.
What exactly is the role of the Low-Carbon Transition Group?
S.M.: It is a dedicated and agile organization that capitalises on the Group’s leadership in capital markets and sustainable finance to support our customers around the world at all stages of their transition process.
Our mission is
- to advise them on the evolution of their business models and the alignment of their capital structure with the challenges imposed by the transition,
- to help them offset their residual carbon footprint,
- to support them in the transition of their daily activities.
This is the number of experts that the Group wants to mobilise in the Low-Carbon Transition Group, by 2025, to accelerate the transition of our customers: 150 professionals from advisory, capital markets and industry teams currently involved in the low-carbon transition and 100 new recruitments.