The role of banks in the green transformation of the economy

Extension Rebellion protest

The climate activists accuse many financial companies of greenwashing, that is, trying to appear more climate-friendly than they actually are.

(Photo: AP)

1. The $ 130 Trillion Pledge: The climate-neutral restructuring of the economy is both a risk and an opportunity for the financial sector.
2. Lending: The banks have to look more closely at the carbon footprint of their corporate customers – this has significant consequences for lending.
3. Fund: Because important data is missing and terms are vague, the wild growth of sustainable products is blossoming.
4. Green bonds: Green bonds are becoming increasingly important. In some cases, debtors even save money.
5. Investment banking: Projects are increasingly checked under ecological and social criteria.

A koala bear sits on a branch, while in the background a huge brown coal mine is being dredged away bit by bit its home. The Deutsche Bank lettering is in the foreground of the image montage. The word “German” has been crossed out and replaced: the German became the “Greenwash Bank”.

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