Banks Pivot Toward Greener Finance in Climate Action Push

Some of Europe’s largest banks are unveiling plans to lend and manage money in greener ways as pressure mounts to account for risks associated with climate change.

“It is coming, it’s a trend that’s started,” said Louis Douady, head of corporate social responsibility at Natixis SA in Paris. “The intention is to adapt our balance sheet to climate transition, so clearly we want to have a change in our business mix.”