As pressure grows to account for risks associated with climate change, Europe’s largest banks are unveiling plans to lend and manage money in greener ways. “ The intention is to adapt our balance sheet to climate transition, so clearly we want to have a change in our business mix. ” said Louis Douady, head of corporate social responsibility at Natixis SA in Paris.
Until recently, this fight against global climate change was more on the agenda of NGOs and environmentalists. As central banks and regulators step up their warnings on climate risk, many financial institutions are unveiling large-scale environmental finance and investing initiatives.
Read the full article from Anna Hirtenstein on Bloomberg, here.