ESG & Investing
Bankers Are at a Loss When It Comes to Biodiversity
Financiers from the biggest banks in Europe and the US say they don’t understand how to measure its impact on operations — or make money from it.
Source: iStockphoto
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At this point, the finance industry arguably has a pretty good handle on the implications of climate change.
That’s not to say it’s moving aggressively to fight it, but only that bankers and investors have a solid understanding of the sources of emissions in their portfolios, what their clients need to do to decarbonize and what government policies or financing support could accelerate that process.