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minor fix (#69)
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aik31 committed Jan 10, 2024
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2 changes: 1 addition & 1 deletion blogs/LEGACY/legacy.md
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Some months ago, a friend of mine working in the sales department of a major European bank told me about a chaotic experience he had with a potential client. The client was a cryptocurrency miner who had invested in a warehouse in Switzerland and filled it with state-of-the-art computers for mining. The business was thriving, and with the cryptocurrency boom, it was yielding good profits. However, some weather events, like a hailstorm, had caused heavy damage to his equipment.

The miner contacted my friend to inquire about insurance protection against such weather events. My friend saw the opportunity and approached the relevant departments in his bank, including bank insurance and product design. That's where the story ended. My friend spent countless meetings and days explaining the basics to our colleagues: what a miner does, their work, and their business. Even escalations to top management were in vain. In the meantime, the miner found an alternative financial solution provided by a cutting-edge FinTech, and as a result, both he and his bank lost an outstanding prospective customer. Preventing these missed business opportunities from happening again in legacy banks is the subject of this article.
The miner contacted my friend to inquire about insurance protection against such weather events. My friend saw the opportunity and approached the relevant departments in his bank, including bank insurance and product design. That's where the story ended. My friend spent countless meetings and days explaining the basics to our colleagues: what a miner does, their work, and their business. Even escalations to top management were in vain. In the meantime, the miner found an alternative financial solution provided by a cutting-edge FinTech, and as a result, both he and his bank lost an outstanding prospective customer. Preventing these missed business opportunities from happening again in legacy banks is the subject of this science note.

```{figure} images/legacy.png
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2 changes: 1 addition & 1 deletion blogs/NetZero/netzero.md
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Additionally, being a pioneer in adopting the Net Zero approach proactively can provide a competitive edge in the growing arena of green assets. Contrary to the common misconception of a trade-off between emissions and profits, it is possible to cut this trade-off by highlighting the potential for simultaneous environmental stewardship and financial growth.

This aim of this science note is to argue that the current approach to the Net Zero methodology in banking is overly cautious and not as effective from an ESG optimisation perspective. In other words, it's not fully efficient in reducing the carbon footprint of current bank portfolios.
The aim of this science note is to argue that the current approach to the Net Zero methodology in banking is overly cautious and not as effective from an ESG optimisation perspective. In other words, it's not fully efficient in reducing the carbon footprint of current bank portfolios.


## Net Zero as-Is mechanics
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