EBF SUSTAINABLE FINANCE ROUNDUP ARTICLE
‘European Banks Lead on Financing Sustainability’ by Wim Mijs, EBF CEO
BRUSSELS, 17 March 2022 – To avoid the most dangerous consequences of climate change, global greenhouse gas emissions must drop by 50% over the next decade. The European banking sector is in a unique position as it is not only directly impacted by risks linked to climate change, but also plays a crucial role in financing the transition towards a low-carbon economy through its allocation of resources, including corporate and retail lending, financial markets intermediation, and asset management. Climate change is at the top of banks’ sustainability concerns and banks across the Eu are committing to sustainable banking.
However, moving forward, governments will need to deliver on their policy objectives and the solution will have to be global if we want to accelerate the transition and ensure a safe environment for future generations.
EBF CEO Wim Mijs discussed the importance of financing sustainability in the Italian Banking Association (ABI)’s publication ‘Review Bancaria‘. Read the full article below!
European Banking Federation
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The federation is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.
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- EBF comments to the European Commission proposal for a Regulation on ESG ratings
- EBF response to the International Sustainability Standards Board (ISSB)’s Request for Information Consultation on Agenda Priorities