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Banks Pivot Toward Greener Finance in Climate Action Push

Anna Hirtenstein
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. Financial institutions are beginning to get on board with the global fight against climate change, a movement that was until recently the territory of non-profit organizations and environmentalists.