Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Banking

Put more women at top of World Bank, IMF to tackle climate – Aviva CEO

2021 11 02T093316Z 2 LYNXMPEHA10JG RTROPTP 4 ARGENTINA IMF - Global Banking | Finance

By Carolyn Cohn and Simon Jessop

LONDON/GLASGOW (Reuters) – There should be more women at the top of multilateral organisations to help alleviate the financial impact of climate change, Amanda Blanc, chief executive of British insurer Aviva and chair of a climate action group, said.

Blanc and other senior leaders in the Women in Finance Climate Action Group will present recommendations on Nov. 3 at COP26 in Glasgow, Scotland for better gender balance in organisations that provide climate finance.

The group is also seeking a global framework for reporting gender data and metrics to help in climate-related investment decisions.

About 80% of people displaced by climate change are women, but only 19% of International Monetary Fund and World Bank board members are female, Blanc said in an interview with Reuters late on Monday.

“If women are 51% of the population, is it that unreasonable to expect that the number (be) greater than 19%,” said Blanc, who is also Britain’s Women in Finance Charter Champion.

“You’ve got to be looking at something closer to 30-40% to make sure you’ve got good representation and a good voice around the table.”

Other members of the Women in Finance Climate Action Group include Sarah Breeden, executive director of the Bank of England, Irina Ghaplanyan, senior adviser at the World Bank, Alison Rose, CEO of NatWest, and Tanya Steele, CEO of WWF UK.

The group is also seeking improvements in women’s access to financial services and gender equity in governments’ climate plans.

A report from the group seen by Reuters and due to be published later on Tuesday highlights the case of Nafika, a mother of seven who grows maize, leaf vegetables, onions and tomatoes in Mgwase village, Tanzania.

Her yield reduces by as much as 90% during periods of drought, which have worsened over the past three years, hitting her family’s livelihood.

“Women are often the breadmakers in the developing countries as well as working full-time and bringing up a family…and normally working on the land or in food production – those are the areas that are very, very badly affected when you have climate impacts,” Blanc said.

(Editing by Ed Osmond)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post