MEET THE MAN WHO’S CHANGING MINDSETS. A PROFILE OF BANK OF IRELAND’S PAUL HARRIS.
As Head of Natural Resources Risk Management at Bank of Ireland Global Markets, Paul Harris is immersed in sustainability and how it applies to business.
During his early career, he worked in a number of corporate and treasury banking roles across London and Dublin, where he recognised the emerging potential of environmental markets in a financial context.
His enthusiasm for this area was welcomed at Bank of Ireland, establishing a domestic carbon transactional capacity.
Paul designed and transacted the first corporate emissions-lined derivate, constructed an award-winning UK carbon offset mortgage and devised Ireland’s first carbon-linked investment product.
Working closely with Irish and international businesses he creates and executes hedging solutions for energy commodities and nurtures practical, commercial knowledge on weather derivatives, environmental bonds, forestry and natural capital.
Over the last 10 years, Paul has worked on a number of tax changes centred round forest carbon and served on a banking sub-committee tasked with designing a financial model for energy efficiency investment.
He was one of the principal architects of Ireland’s Green IFSC initiative (forerunner to Sustainable Nation), established to develop and foster the green finance capabilities of the IFSC.
Paul holds a pivotal position on the Sustainable Nation Steering Group and Chair of the Expert Carbon Group as well as Deputy Chair of the Irish Forum for Natural Capital.
An advocate for further learning in this area, he was instrumental in developing the postgraduate Certificate in Sustainable Energy Finance at Dublin City University and writes extensively on natural capital from an economic and financial perspective.