ESG Targets of Europe’s 20 Biggest Banks Slammed in New Report
- ShareAction study finds inconsistent green financing targets
- Should banks’ ESG targets be limited to allocation of capital?
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The green finance targets of European banks are falling well short of what is needed, according to a fresh study by ShareAction.
An analysis by the UK-based nonprofit that examined the green finance claims of the 20 biggest lenders spread across the European Union, the UK, Switzerland and Norway found that “targets and disclosures aren’t fit for purpose and could lead to misleading claims.”