
From financing change to changing finance with Peter Blom and Till Kellerhoff
The Club of Rome PodcastShow Notes
From Financing Change to Changing Finance Today’s financial system extracts value from natural, human, and social capital while increasing the gap between rich and poor. This has significantly shifted the interaction between financial and economic systems from ‘finance supporting the economy’ to ‘the economy supporting finance’. In this episode, Till Kellerhoff, Program Director at The Club of Rome, speaks with Peter Blom, former CEO of Triodos Bank, member of The Club of Rome and chair of the Club of Rome Rethinking Finance Hub, about the urgent need to transform the financial system. They explore the transition from financing sustainable projects to changing the financial paradigm itself, the concept of financialisation, and how it impacts the real economy, ecological health, and social equity, as well as the possibilities and obstacles in achieving these transformations. Watch the video:
Full transcript: Till: Welcome to the Club of Rome Podcast, exploring the shifts in mindset and policy needed to transform the complex challenges we face today. My name is Till Kellerhoff. I am Program Director of the Club of Rome and leading the Reclaiming Economics Impact Hub. I am very pleased to welcome today Peter Blom. Peter is the former CEO of Triodos Bank, which won the Financial Times sustainability bank of the Year award in 2009 and has become a global reference for value based banking. Peter also founded the Global Alliance for Banking on Values in 2009 and was the chair of the board in 2021.Alongside many other things, Peter is a member of the executive committee of the Club of Rome and Chair of the Rethinking finance Impact Hub, which aims to contribute to the evolution of the financial system so it can serve the transformation of our economy to achieve human well being within planetary boundaries. Welcome Peter. Peter: Thank you for being here. Till: Thank you for joining. And let's start with a general question on the Club of Rome to which you became a member in 2015. What motivated you to join the Club of Rome back then? Peter: Well, what motivated me to join was actually the invitation I got, and I was very surprised by that. And what I was surprised of that people said to me from the Club of Rome, you're relatively young. I just had then become 50, but anyway, you have a good track record, so we are very happy to have you in the club. So that was I felt very honored as an as a useful new member to the club, and really was happy that I could contribute to the to the thinking of the Club of Rome. What in that time, was not so exposed anymore as it was in 1973 when I read as a very young guy, this first book, Limits to Growth. But I've seen in the last, I would say, decades two decades, that there has been an increasing interest in the Club of Rome thinking. And that we are very doing very well in transforming this idea of limits to growth, so a more system change approach what is needed today and tomorrow. Till: Very good. And you mentioned the Limits to Growth, already published in 1972 by a group of MIT researchers, and the Limits to Growth spoke about the material limits to growth on a finite planet. Now your background is in banking and finance. What is the connection of finance and the financial system to this boundaries of growth on a finite planet? Peter: Yeah, actually, if you look back at this report, it's it's quite a linear approach. It's not a circular approach at all. It's a quite linear approach. But first we had to be more conscious and aware of the linear limitations of our system before we could really think about the circular approach we need today. And in banking, it's very important, and finance very important that you don't look only to the next two or three months, although that happens more and more in banking, but the next 5 to 10 years. So limits to growth, what is possible, how you can grow your business in a sustainable way, is highly relevant for banks. It was already in the 80s, whe
More from The Club of Rome Podcast
Is the shifting global order heading towards conflict, or can the world's many civilisations and worldviews learn to coexist? In this episode, Chandran Nair, founder and CEO of the Global Institute for Tomorrow and member of the Club of Rome, joins Nolita Mvunelo to unpack the tensions reshaping international relations. Nair argues that today's flashpoints, from Ukraine to Gaza to Venezuela, stem from the West's difficulty in accepting the rise of other powers, and he challenges us to rethink what leadership, democracy and accountability mean in a crowded, unequal world. Tune in for a candid, provocative discussion on power, history and the search for a genuinely multipolar peace.
While the world debates artificial intelligence's implications for economies and everyday life, one question is too often overlooked: what does the AI revolution mean for Africa? In this episode, Till Kellerhoff, director for content and programmes at the Club of Rome, speaks with Yemi Keri, a technology executive, impact investor and ecosystem builder and member of the Club of Rome with over two decades of leadership experience across Africa's public and private sectors. As co-founder of Rising Tide Africa and president of the African Business Angel Network, Yemi brings a distinctive lens on inclusive capital and early-stage innovation. She sets out an optimistic case for AI as a "development equaliser" that could transform agriculture, healthcare and education across the continent, while pressing for African data sovereignty, homegrown cloud infrastructure and greater investment in local talent. The conversation also turns to the risks of a new extractive era built on data rather than raw materials, the energy demands of AI infrastructure, and why more women need a seat at the table in building the technology's future. Is this Africa's chance to leapfrog towards a more ethical and sustainable AI revolution, or do we risk repeating old patterns of inequality in new forms?
What does it take to reach the world's most marginalised communities - not just with aid, but with dignity? In this episode of the Club of Rome Podcast, host Nolita Mvunelo speaks with Runa Khan, member of the Club of Rome and founder of Friendship, an international social purpose organisation that has been working on the river islands and coastal chars of Bangladesh since 2002. In 2025, Friendship won the Earthshot Prize in the Fix Our Climate category. Runa grew up in a privileged "glass bubble" in Bangladesh, shielded from the realities of deep poverty. An encounter with communities on the nomadic islands of the Brahmaputra river sparked a lifelong commitment to justice and equity. Her father's words stayed with her: "You are only as rich as what you can do without." In this conversation, Runa and Nolita explore what it means to build truly holistic, locally-led solutions. Runa explains the importance of the right interventions at the right time - not standardised programmes designed elsewhere - and why Friendship doesn't just go the last mile, it goes the last metre. They discuss the structural barriers that keep aid from reaching the most vulnerable, the tension between donor-led agendas and community-defined needs, and why quality and beauty matter even – indeed especially - in the most resource-scarce contexts.
What if the key to transforming capitalism lies in the law? In this episode, we speak with Katharina Pistor, Professor of Comparative Law at Columbia University, member of the Club of Rome and author of The Law of Capitalism and How to Transform It, about the legal foundations that underpin our economic system, and how they might be reimagined. Katharina argues that capitalism is not a free market but a "market economy on legal steroids," shaped and sustained by legal structures that govern everything from corporations and property rights to data ownership and financial markets. She explores how tools such as limited liability, asset partitioning and private contract law have enabled the concentration of wealth - and how those same tools could be repurposed to drive systemic change. From the enclosure of the commons to the rise of the data oligarchs and the Alaska Permanent Fund, this is a wide-ranging conversation about the unwritten rules of our economy and the potential for transformation.
Why have a decade of global commitments failed to deliver a fairer world, and what would it actually take to build one? In this episode of The Club of Rome Podcast, Till Kellerhoff speaks with Jayati Ghosh, economist, member of The Club of Rome and professor at the University of Massachusetts Amherst, about why the promise of 2015 — the SDGs, the Paris Agreement, a moment of collective ambition — has given way to a world of deepening inequality, democratic erosion and concentrated power. The episode explores how the neoliberal framework underlying the SDGs was always likely to undermine them, why progressive forces have struggled to channel public anger into transformative change, and how a tiny group of ultra-wealthy individuals has come to shape laws, institutions and the course of global events in ways unprecedented in history. They discuss the urgent need to shift from GDP growth as a proxy for progress towards economies that deliver dignity, decent work and basic security for all — and why communicating that vision in simpler, more direct terms has never been more important. This episode maps out where the possibilities for genuine systemic change still lie, and why, even now, there are reasons not to abandon hope.