On Earth Day, We Don't Have Time celebrated its sixth anniversary by inviting representatives from nearly 100 leading financial companies in our network under the theme 'Move the Money.'
The event was co-organized by our partner SPP, a leading Swedish occupational pension provider and a frontrunner in divesting from fossil fuels. Among the guests in the crowded room and online were representatives from many of the largest banks in the Nordics and other international banks, investors, and fund managers. Nick Nuttall, former UN spokesperson for the Paris Agreement, gave an insightful presentation on the role of climate finance in the UN negotiations since the Paris Agreement – and the big focus of finance at this year’s upcoming UN Climate conference COP29 in Baku. Boaz Paldi, Creative Director at the United Nations Development Programme, UNDP, talked about the creation of Weather Kids, the organization's new global campaign to raise climate awareness, and how this taps into We Don’t Have Time’s Move the Money campaign. Johanna Lundgren Gestlöf, Head of Sustainability at SPP, gave an investor view on biodiversity and ecocide, while Ingmar Rentzhog, CEO and founder of We Don’t Have Time, focused on the urgent need to shift investments at scale from the fossil fuel industry to green solutions. The event turned interactive when moderator Catarina Rolfsdotter-Jansson invited all on-site and online guests to participate in a workshop on climate and finance. The workshop included a Mentimeter poll and a discussion around the results.
Here are some of the questions and reactions:
The respondents were to pick a number from 0 (zero knowledge) to 10 (expert knowledge).
These responses align very well with the findings of a new scientific study, published in Nature, which shows that climate-change damages could amount to $38 trillion per year by 2050. (Link below.)
Scientists have labeled this decade the “decisive decade”, and the respondents seem to agree on this.
Over 6,500 institutional investors hold bonds and shares in coal, oil and gas companies to the tune of US$ 3.05 trillion. Find out more on the #MovetheMoney campaign site. Link below.
For an in-depth Climate Dialogue on active ownership between Ingmar Rentzhog, CEO of We Don’t Have Time, and Johan Florén, Chief ESG and Communication Officer at AP7, follow link below.
For more info on the Theory of Change, and the role of investors to make that change happen, watch our interview with Jakob König, Head of Fair Finance Guide in Sweden. Link below.
For more on We Don’t Have Time’s coverage on climate and finance:
