Lloyds Bank is leading efforts among UK lenders to provide easier access to financial services for the rising number of refugees in the country, most recently from Afghanistan. But they could do a lot more, as France’s BNP Paribas is showing elsewhere.
The idea of incorporating gross national happiness into mainstream economic thought has long been a subject reserved for debating societies and 'lefty' thinkers. As politicians are cornered into taking immediate action on climate change, capitalism is in for a big surprise.
The embattled Swiss bank has cut lending to heavy polluters and is analysing its loan book's carbon intensity and clients' 'transition readiness', but has been slow to set emission-reduction targets. Two of Credit Suisse's top ESG and sustainability executives set out its thinking.
The UK is about to launch its first green sovereign bond programme, which will incorporate innovative social indicators. Senior banking executives expect it to boost the corporate debt market, but want more specifics on impact benchmarking targets and deadlines.
Green short-term funding has struggled to take off as an asset class. With Asia’s first green commercial paper guarantee for Taiwan’s Sing Da Marine Structure, Crédit Agricole hopes that a new wind is blowing.
The British bank is calculating a carbon budget that should lead to an overhaul of its balance sheet. Starting by tightening financing policy for the oil and gas sector, the group will introduce a series of emissions-led sector targets by 2022. A bold move, but critics argue the plans lack clarity.
The IPCC’s latest report is unequivocal: humans are warming the planet. With COP26 looming, everyone is clear that rapid policy action is required to mobilise trillions of public and private finance to reverse the damage done. We outline what policies they are.
Used as part of a broader set of tools to assess banks, investors say the new reporting requirement will determine which institutions are taking green finance seriously. However, it lacks the sensitivity to capture transition finance, for example.
The fast-growing sustainability-linked leveraged loan market is ripe for abuse. Just-released issuance guidelines aim to crack down on weak key performance indicators, but sanctions lack teeth.
The multilateral finance institution is developing a renewable energy platform that it aims to list in London to lure more investment to Africa. Capital Monitor spoke to two top executives about the plans.
Momentum builds behind the circular economy as investors seek better growth while tackling global challenges, while innovation in this area is de-risking investments and delivering exciting risk-adjusted returns for investors.
The German lender is turning down more deals that do not satisfy its increasingly strict sustainability criteria. But it still faces criticism for its financing of high-carbon industries.
The Togo-based group expects its debut sustainable bond and new sustainable finance framework to help it adopt a more climate-friendly strategy and expand SDG-aligned funding across the continent, says chief risk officer Eric Odhiambo.