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Jesse Griffiths @jesselgriffiths.bsky.social · 15h

RIP the Net Zero Banking Alliance, & effectively RIP GFANZ & the idea that big financial institutions would lead us in the just transition.
Only governments can provide this leadership, with support from financial sector allies & impetus from active citizens:
www.linkedin.com/feed/update/...

Global banking climate alliance folds four years after launch | Jesse Griffiths

RIP GFANZ. The hope that large financial sector companies would lead the green transition is dead, but it was never realistic. Only governments - through policy and regulation - can push the financial...

www.linkedin.com

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Jesse Griffiths @jesselgriffiths.bsky.social · 8d

The world’s 60 largest banks hold $1.6 trillion USD in credit exposure tied to fossil-fuel activities - new @financewatch.bsky.social research:

www.finance-watch.org/policy-porta...

Report – A trillion dollars of climate risk: the case for a systemic risk buffer | Finance Watch

www.finance-watch.org

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Jesse Griffiths @jesselgriffiths.bsky.social · 8d

Something quick & important to do today: write to your MP asking them to support rule changes to divest all pensions from fossil fuel expansion:

actionnetwork.org/letters/writ...

Write to your MP: Divest our pensions from risky fossil fuels!

UK pensions invest £88 billion in fossil fuels, causing the equivalent of 80% of the annual emissions of the entire country through fossil fuel funding alone. This puts both our planet and pension…

actionnetwork.org

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Jesse Griffiths @jesselgriffiths.bsky.social · 14d

Come and help us transform UK finance rules for social and economic justice - we're looking for new board members! Especially those with expertise in policy, comms or fundraising.

DM if you want to chat about it. Full deeds here:

financeinnovationlab.org/wp-content/u...

financeinnovationlab.org

Jesse Griffiths @jesselgriffiths.bsky.social · 14d

My latest Changing Finance roundup is out:
🌱 Why the UK’s approach to greening finance is failing
⚠️ Could private credit spark the next financial crisis?
💸 The gender wealth & pensions gaps
🌍 Who really owns Britain?

Read it here 👉 financeinnovationlab.org/changing-fin...

Changing Finance: new this month - September - Finance Innovation Lab

The greening finance battleground The battle for the soul of greening finance in the UK. Here’s why the financial risk-based approach to climate change is failing. A more proactive approach,…

financeinnovationlab.org

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Reposted by Jesse Griffiths

Finance Innovation Lab @thefinancelab.bsky.social · 15d

📢Volunteer recruitment📢 Could you help @TheFinanceLab transform the financial system for the better? Apply to join our board of trustees! Find out more and apply.

app.beapplied.com/apply/yg7lao...

Closes 15 October 2025.

3 x Trustees (financial system policy, comms, and fundraising)

At Finance Innovation Lab we believe in a financial system that serves people and planet. Our financial system has become disconnected from the real needs of people, the environment, the wider economy...

app.beapplied.com

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Jesse Griffiths @jesselgriffiths.bsky.social · 15d

72% of EU companies have a high dependency on at least one ecosystem service, and most of the ecosystem footprint is supported by just 100 banks (of the 2500 banks analyzed). Nice short summary of new academic paper:

www.linkedin.com/feed/update/...

European banks face significant vulnerability to ecosystem degradation and climate change - Communications Earth & Environment | Andrej Ceglar

In our new study we demonstrate how the economy and banks in the euro area are critically dependent on ecosystem services and how they simultaneously contribute to biodiversity loss through their biodiversity...

www.linkedin.com

Jesse Griffiths @jesselgriffiths.bsky.social · 15d

The gender wealth gap in the UK is 21% - new @womensbudgetgrp.bsky.social research
www.wbg.org.uk/wp-content/u...

Nearly all of this is due to pensions wealth. Another reason why we need fundamental reform of the pensions system:
financeinnovationlab.org/our-work/fai...

www.wbg.org.uk

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Jesse Griffiths @jesselgriffiths.bsky.social · 16d

"The Global anti-financial crime system is broken" - Sobering from @rusi.bsky.social

Good on the problem of relying on FIs as police. There's a deeper systemic issue: a system designed to service international capital is likely to be easy for criminals to use.

www.rusi.org/explore-our-...

The Global Anti-Financial Crime System is Broken

Following the crowd and maintaining the status quo is comfortable – and the kleptocrats, corrupt and criminals hope that does not change.

www.rusi.org

Jesse Griffiths @jesselgriffiths.bsky.social · 16d

"The crypto crises are coming" - thanks to new US legislation.

Crypto is also a boon for money launderers and serves little economic purpose.... so we should be using regulation to curb it, not encourage it, as the UK is threatening to do.

www.project-syndicate.org/commentary/u...

The Crypto Crises Are Coming

Simon Johnson warns that new US legislation leaves the industry just where it wants to be: without regulatory safeguards.

www.project-syndicate.org

Jesse Griffiths @jesselgriffiths.bsky.social · 19d

Want to volunteer your time and expertise to help us fundamentally change UK finance rules?

Apply to be a trustee of Finance Innovation Lab - DM me if you'd like to chat, and thanks for sharing!

More diets here: financeinnovationlab.org/join-our-tru...

We're recruiting - Join our Trustee Board - Finance Innovation Lab

We’re looking for up to three new trustees to join our board from January 2026. We’re particularly interested in people with experience in financial sector policy, communications and fundraising. You’...

financeinnovationlab.org

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Jesse Griffiths @jesselgriffiths.bsky.social · 19d

Who Owns Britain? Super interesting and important work from @cmmonwealth.bsky.social

www.common-wealth.org/interactive/...

Data Dashboard | Who Owns Britain

An interactive Data Dashboard exploring who owns and profits from Britain’s essential services.

www.common-wealth.org

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Jesse Griffiths @jesselgriffiths.bsky.social · 19d

UK finance lobby’s growing influence threatens our interests - from @mickmcateer.bsky.social

www.opendemocracy.net/en/uk-financ...

@opendemocracy.net

UK finance lobby’s growing influence threatens our interests

The government is overlooking the lessons of history – and the financial sector’s tendency to cause harm

www.opendemocracy.net

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Jesse Griffiths @jesselgriffiths.bsky.social · 20d

Shocking: 98% of publicly listed companies 'lack credible climate transition plans'

Report from @tpicatlse.bsky.social examining 2000+ companies = 3/4 of global publicly listed equities.

[Why we need govts + regulators to step up]

www.transitionpathwayinitiative.org/publications...

Publicly-listed companies lack credible climate transition plans as emissions intensity set to overshoot, report warns - Transition Pathway Initiative

98% of companies have not disclosed plans to shift capital away from carbon-intensive assets or to align spending with their long-term decarbonisation goals. P

www.transitionpathwayinitiative.org

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Jesse Griffiths @jesselgriffiths.bsky.social · 21d

3 reasons why lighter crypto regulation is a bad idea:

1. High risk of financial crisis
2. "Cryptoassets are increasingly used for laundering all forms of proceeds of crime." (NRA)
3. Crypto = speculative asset, not a support for investment

www.ft.com/content/3b81...

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Jesse Griffiths @jesselgriffiths.bsky.social · 26d

5 reasons why the financial-risk based approach to climate change has failed - @jryancollins.bsky.social

1. Uncertainty not risk
2. Single materiality
3. Complexity & opacity of system
4. Conflicts of interest
5. Prices not only things affecting lending/ investment

medium.com/iipp-blog/th...

The tragedy of the ‘measure to manage’ green financial policy paradigm

Josh Ryan-Collins, Professor in Economics and Finance, UCL Institute for Innovation and Public Purpose

medium.com

Jesse Griffiths @jesselgriffiths.bsky.social · Sep 2

Dangerous financial sector deregulation alert : a new proposal to stop financial sector regulators from considering non-statutory issues, including environmental impacts, or impacts on financial exclusion, when setting most rules for the system:
www.linkedin.com/feed/update/...

Regulatory_Environment_Pillar_Cross-Cutting_Issues_Consultation.pdf | Jesse Griffiths

Over the summer, the government released important – and potentially damaging – proposals to change how regulators interpret their role and mandates. These proposals, open for consultation until...

www.linkedin.com

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Jesse Griffiths @jesselgriffiths.bsky.social · Jul 18

Timely advice for UK from a Fed. Reserve Governor on financial crises:

".... lessons for policymakers: maintain a through-the-cycle perspective rather than believing "this time is different"; resist pressure to loosen regulations during boom times. "

uk.investing.com/news/economy...

Jesse Griffiths @jesselgriffiths.bsky.social · Jul 16

The government's new Financial Services Growth and Competitiveness strategy risks undermining its industrial policy & growth mission.

Here's my analysis:

www.linkedin.com/pulse/govern...

The government’s new approach to Financial Services risks undermining its growth mission and the Industrial Strategy

Having read the government’s new Financial Services Growth and Competitiveness Strategy, I fear that it risks undermining the government’s broader growth mission and Industrial Strategy by prioritisin...

www.linkedin.com

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Jesse Griffiths @jesselgriffiths.bsky.social · Jul 10

Barclays is the bigger financer of coal in Europe - new report.

www.stillbankingoncoal.org/report/europe

Europe | Still Banking on Coal

European banks have channeled $20 billion to the coal industry since Glasgow. Europe’s biggest coal banks are Barclays from the UK ($4 billion), Deutsche Bank from Germany ($2 billion), BNP Paribas…

www.stillbankingoncoal.org

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Jesse Griffiths @jesselgriffiths.bsky.social · Jun 27

💰 UK pensions (£3trn) are still backing fossil fuels—even as climate shocks threaten to wreck the economy and our retirements.

We back an amendment to the Pensions Schemes Bill to ban thermal coal + review fossil fuel risk.

Here's my NZI piece on this: lnkd.in/es9cc4gY
#ClimateRisk #Pensions

This link will take you to a page that’s not on LinkedIn

lnkd.in

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Jesse Griffiths @jesselgriffiths.bsky.social · Jun 26

How the next financial crisis starts on.ft.com/46dSz0R

How the next financial crisis starts

The climate shocks that could trigger wider market turmoil

on.ft.com

Jesse Griffiths @jesselgriffiths.bsky.social · Jun 26

How the next financial crisis starts - long read focussing on the impact of physical risk on insurers, and how this could lead to property price falls that could trigger a crisis

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Jesse Griffiths @jesselgriffiths.bsky.social · Jun 24

📘 Bottom line:
This is a thoughtful strategy with promising signs — but it’s not yet the step change we need.

Major gaps on inequality, financial resilience, and the role of finance.

Would love to hear how others are interpreting it.
#IndustrialStrategy #Finance #UKPolicy

Jesse Griffiths @jesselgriffiths.bsky.social · Jun 24

🤝 Partners named, but barely engaged
Trade unions get a mention. Civil society? Once.

Real transformation needs deeper, lasting engagement — not just business and Whitehall.

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