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UK Finance blog suggests banks should tackle climate change via lending decisions

Published on: 15 March 2021
Published by LNB News

LNB News 15/03/2021

Document Information

Issue Date: 15 March 2021

Published Date: 15 March 2021

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

UK Finance has published a blog discussing how banks can proactively tackle climate change by their lending practices. The author notes that there are a number of tools and incentives aimed at changing behaviour of sectors responsible for emissions, but at the moment most banks are approaching climate change from a reactive approach, assessing and quantifying each loan decision and the resulting portfolio as a financial risk.

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