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'Green' banks lend most to polluters, reveals ECB

Summary by Ground News
Researchers at the European Central Bank (ECB) reveal that commercial banks in the eurozone are major contributors to new lending for significant polluters. The ECB has pressured commercial lenders to enhance climate disclosures and improve risk assessments for three years. But researchers found most banks, even the ones claiming to be green, failed to adapt their lending practices to the realities of global warming.

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'Green' banks lend most to polluters, reveals ECB

Researchers at the European Central Bank revealed that commercial banks in the eurozone, touting themselves as 'green,' issue more loans to major polluters than average banks.

·Brussel, Belgium
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Canadian AffairsCanadian Affairs

'Climate conscious' banks lend more to polluters: ECB

Eurozone banks that portray themselves as more conscious about environmental issues lend more than others to polluting industries The post ‘Climate conscious’ banks lend more to polluters: ECB appeared first on CANADIAN AFFAIRS.

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Canadian Affairs broke the news in on Wednesday, December 6, 2023.
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