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Par Fabio MANDORINO, Adviser, Sustainable Finance, ABBL
Two kilos! That’s the average weight gain over the Christmas break. It’s impossible to resist a toast or a dessert when in good company, even for the most virtuous of calorie counters. That’s why so many of us try to detox in January, to get back into shape and shed those extra kilos.
Banks need to detox too
In the last few months of 2019, the banking sector made a series of commitments to a very ambitious ‘carbon detox’ strategy. A whole host of major banks announced a timeframe for a complete coal exit and increased financing targets for renewable energies by 2030.
These new policies will have a huge impact on banks’ lending...
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