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Barclays creates green finance crew that’ll drive sustainable capital markets.

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TLDR:

  • Barclays has launched a new sustainable banking team focused on capital markets.
  • The team will combine Barclays’ sustainable capital markets and ESG advisory teams.

In a push to advise on the transition to net-zero carbon emissions, Barclays has announced the launch of a new sustainable banking team focused on capital markets. The team will bring together the bank’s existing sustainable capital markets and ESG advisory teams. Susan Barron and Cindy Quan have been promoted as co-heads of the new unit. This move reflects the increasing importance of sustainable finance and the growing demand for sustainability-focused advisory services in capital markets.

The announcement comes as many financial institutions are ramping up their focus on sustainability in response to increasing pressure from stakeholders, including investors, regulators, and customers. Banks like Barclays are recognizing the shift in market trends and are positioning themselves to be leaders in sustainable finance.

Barclays has been actively working on sustainable finance initiatives in recent years. In 2019, the bank announced that it would cut funding for fossil fuel projects and committed to align its financing activities with the goals of the Paris Agreement. The establishment of the new sustainable banking team is another step in supporting the bank’s commitment to sustainable finance.

The team’s main responsibilities will include advising clients on sustainable investment strategies, providing ESG analysis and insights, and structuring sustainable financing solutions. As companies across industries strive to reduce their carbon footprint and improve their ESG performance, the demand for sustainable financial products and services is expected to increase. Barclays aims to position itself as a trusted advisor and provider of sustainable solutions to meet this demand.

The promotion of Susan Barron and Cindy Quan as co-heads of the sustainable banking team showcases Barclays’ commitment to nurturing talent and expertise in the sustainable finance field. Both individuals bring extensive experience and knowledge in sustainable finance and ESG, which will be crucial in driving the team’s success.

Barclays’ move comes at a time when sustainable finance is gaining traction globally. Financial institutions are recognizing the importance of incorporating environmental, social, and governance factors into their decision-making processes to mitigate risks and capture opportunities. The launch of the sustainable banking team demonstrates Barclays’ dedication to staying at the forefront of sustainable finance and meeting the evolving needs of its clients.

In conclusion, Barclays’ launch of a new sustainable banking team focused on capital markets is a strategic move to seize opportunities in the growing sustainable finance market. By combining its sustainable capital markets and ESG advisory teams, Barclays aims to provide clients with comprehensive sustainable financial solutions and position itself as a leader in sustainable finance.

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