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An issue to follow closely: green finance!

Valery
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August 28, 2024

While climate issues are awakening our skeptical or sleepy conscience, some financial institutions have seen in the so-called green finance a marketing argument. This type of approach, also called greenwashing, is no longer acceptable. The French bank BNP Paribas recently paid the price for this when it was challenged by NGOs for its support of fossil fuel development.

For several years now, the financial sector has been taking climate and overall environmental factors into account. Banks are in a position to make their contribution to our collective transformation.

The financial sector must accompany and accelerate our transition to a sustainable world by recognizing the opportunities linked to the energy transition. It must immediately integrate climate policies by identifying more precisely obsolete projects.

A year ago, only 25% of European banks were analyzing climate risks. Now, 85% of banks have at least a basic approach to climate and environmental risks.

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