Since the onset of the pandemic, UK banks have introduced measures such as CBILS (Coronavirus Business Interruption Loan Scheme) and BBLS (Bounce Back Loan Scheme) to help support firms. Banks have been dealing with unprecedented levels of contact with businesses to support strategic adaptations in a short space of time, and they have been proactively signposting services to business support agencies and government information. And, globally, banks have been collaborating to look for ways in which they can be part of stimulating a sustainable recovery and help to build back better.
So, if the relationship between banks and businesses can react effectively to a pandemic, how can we ensure the same is true for the climate crisis and the need for businesses to transition to net-zero? This is the question that Bankers for Net-zero, a collaborative initiative bringing together banks, businesses and policymakers to accelerate progress towards the UK’s net-zero target, is seeking to a