visimoney
TLDR:
- Barclays has launched a new sustainable banking team focused on capital markets.
- Barclays has promoted Susan Barron and Cindy Quan as co-heads of the new unit, which combines its sustainable capital markets and ESG advisory teams.
Barclays is ramping up its push into sustainable finance with the launch of a new sustainable banking team that will focus on capital markets. The UK lender has named Susan Barron and Cindy Quan as co-heads of the new unit, which brings together its sustainable capital markets and ESG advisory teams.
The move comes as Barclays seeks to position itself as a leader in advising on the transition to net-zero carbon emissions. The bank has been increasing its focus on sustainable finance in recent years, and this latest move demonstrates its commitment to integrating environmental, social, and governance (ESG) factors into its business strategies.
Susan Barron and Cindy Quan, the newly appointed co-heads of the sustainable banking team, bring a wealth of experience to their roles. Barron has been with Barclays for over 15 years and has extensive knowledge of sustainable finance. Quan, on the other hand, joined the bank in 2019 and has played a pivotal role in building its ESG advisory capabilities.
The consolidation of Barclays’ sustainable capital markets and ESG advisory teams into one unit will allow for better coordination and collaboration in delivering sustainable finance solutions to clients. By combining expertise in capital markets with a focus on sustainability, the bank aims to provide innovative and impactful financing solutions that support the transition to a low-carbon economy.
Barclays’ decision to establish a dedicated sustainable banking team comes at a time when environmental, social, and governance considerations are becoming increasingly important for investors. There is growing demand for sustainable investment products and services, and Barclays is positioning itself to capitalize on this trend.
This move also aligns with a broader industry shift towards sustainability. Many financial institutions are recognizing the financial risks associated with climate change and are taking steps to align their businesses with the goals of the Paris Agreement. Barclays’ sustainable banking team will play a crucial role in helping the bank and its clients navigate this transition.
Overall, the launch of the sustainable banking team underscores Barclays’ commitment to sustainability and its aim to be a leader in sustainable finance. By bringing together its expertise in capital markets and ESG advisory, the bank is well-positioned to deliver innovative solutions that drive positive change in the transition to a low-carbon economy.
