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Finance sector pledges greater climate action

Hundreds of banks and money managers pledged to consider the planet when making decisions.

Hundreds of banks and money managers pledged to consider the planet when making decisions. There have been multiple promises on climate and finance in the past, and we discuss whether the new announcements are different with Tom Picken, forests and finance campaign director at the Rainforest Action Network. And Catherine McGuinness, policy chair at the City of London Corporation gives us the perspective of financial institutions. We also talk to the environmental activist George Monbiot about his view that a complete redesign of the capitalist system is needed in order to limit global temperature rises. Also in the programme, Facebook has announced that it will no longer use facial recognition technology to identify people in pictures uploaded on the social network. We get reaction to the move from Stuart Miles of the technology website Pocket Lint. Plus, the US Department of Justice is suing to prevent the takeover of publisher Simon & Schuster by Penguin Random House. Benedicte Page is deputy editor of The Bookseller, and explains the background.

Today's edition is presented by Rob Young, and produced by Gareth Barlow and Faarea Masud.

(Picture: UK Chancellor Rishi Sunak holds up a green box. Picture credit: Getty Images.)

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27 minutes

Last on

Wed 3 Nov 2021 15:32GMT

Broadcast

  • Wed 3 Nov 2021 15:32GMT