Are Banks Really Going Green? Or Just Green Washing?

As part of key sustainability initiatives in the financial system, Mark Carney suggests that investors be given an automatic advisory vote on companies’ net-zero transition. Banks which have made sustainable finance commitments have been evaluated against six indicators, including whether the bank: defines sustainability criteria; identifies the financial services included; provides a specific timeline; discloses an accounting methodology; includes a plan for reporting; and has a defines level of accountability.

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