EU appoints members of Technical Expert Group on Sustainable Finance

It consists of 35 members from civil society, academia, business and the finance sector

Banking giant commits $200bn in sustainable financing

Wells Fargo will provide half of the funding for projects that directly support the low carbon transition

Emerging economies ‘making significant progress in green lending’

Emerging markets have become a “major force” in driving climate change with reforms to expand sustainable lending. That’s according to the Sustainable Banking Network, an International Finance Corporation (IFC)-supported organisation of banking regulators and associations, which suggests 34 countries have initiated banking reforms. They account for $42.6 trillion (£31tn) in bank assets – more than […]

EU experts set out green finance recommendations

A team of experts have set out the recommendations for greening the EU’s financial policies to help unlock investments in meeting climate targets. The High-Level Expert Group on Sustainable Finance (HLEG) has identified ways in which the financial sector can reconnect with the economy to support the transition to a more resource efficient and circular […]

HSBC pledges $100bn to fight climate change

HSBC has pledged to provide $100 billion (£76bn) in sustainable financing by 2025 in a bid to fight climate change. It plans to intensify support for clean energy and low carbon technologies as well as projects that support the UN’s Sustainable Development Goals. The banking giant also aims to source 100% of its electricity from […]

German stock exchange joins green finance scheme

A German stock exchange has joined a green finance initiative. Deutsche Börse announced it has become part of the Climate Bonds Initiative Partners Programme, where it will develop climate finance solutions, participate in market development committees and help define policy agendas for national, regional and sector based schemes. The group aims to accelerate the use of green bonds and other green […]

Nepal banks on promoting sustainable finance

A bank in Nepal is partnering with IFC, a member of the World Bank Group, to promote sustainable finance. IFC will help Nepal Rastra Bank (NRB), the central monetary authority of the country, adopt improved environmental and social risk management practices to strengthen its portfolio performance, generate business opportunities and boost competitiveness in the region. […]

Lack of renewable investment will speed energy crisis

The UK will suffer an energy crisis by 2020 if investment is not released by commercial banks for renewable projects, according to a sustainable finance expert. And key to bringing this about is helping the banks better understand and overcome the risks in financing renewable energy projects. Aniko Dobi-Rozsa told a conference that a change […]