
Andreas Treichl, can we build our pensions without destroying the planet?
Our savings and pensions are meant to secure a good life in old age. But much of that money still flows into industries that wear down the systems we all depend on. Seven of nine planetary boundaries have been breached, AI and geopolitics are adding instability, and most of the financial system still treats these risks as somebody else's problem. In this episode we sit down with Andreas Treichl at the office of ERSTE Foundation & Zweite Sparkasse in Vienna. Over 22 years as CEO, he turned Erste Group from a local Austrian savings bank into a leading financial services provider in Central and Eastern Europe. Since July 2026, he has led ERSTE Foundation, one of Europe's largest non-profit foundations and the core shareholder of Erste Group. Charly first met him in 2007, when ERSTE Foundation backed the global Impact Hub. Andreas's first impression of him was "Who is that crazy guy?" - they've been comparing notes ever since. We ask: Which systemic risks are banks still not taking into account? What can banks actually do, and where do they hit their limits? Why do capital markets need to be democratized before they can finance the transformation? How do we finance a regenerative region when no single instrument really fits? What would it take for pension funds to secure our prosperity, not undermine it? Along the way, Andreas pushes back on how much commercial lending can change. He also makes the case for blended and outcome-based finance, and he explains why regulation isn't built for them yet.
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