Unpacking Green Targets: A Framework for Interpreting Private Sector Banks’ Sustainable Finance Commitments
5. October 2019
Private sector banks are facing political, market, and societal pressure to direct finance towards low carbon, sustainable development. One way they’re signaling their response is through sustainable finance commitments: publicly-made, time-bound commitments to provide or facilitate capital for climate and sustainability solutions. While the commitments may appear straightforward at first glance, comparing them is anything but. They vary widely in structure and provide only a limited picture of a bank’s approach to sustainability.
World Resources Institute | Unpacking Green Targets: A Framework for Interpreting Private Sector Banks’ Sustainable Finance Commitments