Asset Managers · Sustainability

ECB: Banks lead financing of carbon-intensive activities

ECB: Banks, not funds, finance carbon-intensive activities

Banks, not investment funds, are responsible for financing the most carbon-intensive activities, the European Central Bank has concluded on the basis of experimental new indicators for sustainable finance. “The companies they finance produce relatively more emissions in their business operations to achieve a given level of revenue,” the ECB said when presenting the new indicators on Tuesday.

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