US EditionMore major banks announce support for ICC sustainable trade principles as fossil fuel funding rises
Summary by Global Trade Review (GTR)
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More major banks announce support for ICC sustainable trade principles as fossil fuel funding rises
Three more banks have announced their support for the International Chamber of Commerce’s (ICC) Principles for Sustainable Trade Finance, now backed by lenders covering up to 25% of global trade finance volumes, the organisation says. The news comes as fresh data shows that the world’s largest banks increased their fossil fuel financing in 2024 over the previous year. Major lenders Commerzbank, ING and Santander Corporate and Investment Banking …
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