Banks are increasingly reporting on their future contribution towards sustainability. The most common public commitment is their ambition to redirect capital flows towards sustainable investments as part of the lending business. This is where the green asset ratio comes into place as it shows how green banks’ portfolios are. But …
The world needs globally accepted sustainability reporting standards to ensure transparent, comparable information for all stakeholders – businesses, investors, customers, employees, suppliers, regulators and governments. The quality of ESG reporting should be as high as it is for financial reporting and should be capable of being assured. This ensures a …
In this article, we dive into the EU Taxonomy for sustainable finance based on the 2021 report by the UNEP FI (United Nations Environment Programme Finance Initiative), and the European Banking Federation (EBF). We are especially focusing on the Taxonomy in banking. Given that most companies are at different stages …
With EUR 235 per capita, Luxembourg is currently the largest per capita donor to the Green Climate Fund, the UNFCCC mechanism meant to help developing countries counter climate change. The Grand Duchy pledged EUR 120 million to finance climate change mitigation and adaptation projects between 2015 and 2020.
