Financial institutions and mostly banks should be involved in world human and social problems including problems related to Climate change.
A lot of fincial institutions now have affiliated foundations that caters for social or cultural or environmental conerns. What they really lack is their clients Co-Involvment. So both banks and clients can work together to respond to some problem anywhere in the world.
What actions do you propose?
Banks should facilitate the procedures if some clients who want to donate money to some humanitraian cause in the world including those related to clmiate change. I personnally wanted to donate to world food organisation but it was difficult for me. So the idea is open wide door for such initiatives. Banks can gives free of charge cards of clients who like to donate wworldwide or internally. The card can be called Global Citizen Clinet Card-GCCC or G4C.
Who will take these actions?
Banks should be (encouraged to be) involved in international and national humanitarian concerns and help their clients be with them. This will be very ethical and close to idealism but it's possible.
Where will these actions be taken?
Transaction processing can happen any any bank which show interest in responding to a humanitraian situation. Clinets can send directly or if no possible the workd to be done by the bank in partenrship with local or international organisation that work in the field.
What are other key benefits?
Promoting ethical banking and global shared humanity while responding quickly to climate change urgencies.
What are the proposal’s costs?
To help clients help and respond, procedures should be simple and easy and processing should be to the minimum if not free.
This is a model strategy and few insititions may be convinced full to adopt it. But effects will be greater in medium to long run term till it becomes a culture and system by all banks.
Most banks now adhere to protecting the environment and fight climate change through green economy. We have examples of that in Morocco.