Jul 7, 2020 • 38M

Episode #4. Is the AGM a new staging ground for climate activism?

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New Climate Capitalism is a podcast about change-makers working at the intersection of activism, finance and investment.
Episode details

We’re going behind the scenes of a new and fast growing niche for climate activism. What happens when an NGO takes on one of the world’s biggest banks through its own boardroom to ask the question: “Please stop lending to oil and coal companies?”

Unlike classic environmental campaigns which rely on mass mobilization to exert pressure, shareholder activism is invisible to the public eye - everything happens behind the scenes.

I talked to Wolfgang Kuhn of ShareAction, the London-based charity which coordinated a recent campaign at Barclays Bank. The story of that campaign reads like a play in five acts: filled with unexpected twists, conflict, struggle and, ultimately, resolution.

What's remarkable is how a small, determined actor from civil society can lead a dance with a major global bank that ultimately changes the rules of the game as well as the bank’s policy on climate change.