BIS Sees No Proof Green Bonds Improved Firms’ Carbon Footprints
- It recommends rating companies based on their ‘greenness’
- Demand for securities boosts market to about $1 trillion: BNEF
This article is for subscribers only.
Sign up to receive the Green Daily daily newsletter and follow us @climate.
Companies that issue green debt aren’t necessarily reducing their carbon emissions, underscoring the need for firms to have an environmental rating, according to a report from the Bank for International Settlements.