Investment banks urged to green up by WWF

摘要

The WORLD WIDE FOR NATURE has said investment banks could do more to mitigate climate change beyond underwriting green bonds. The body said that while there were likely to be US$2trn of outstanding green bonds by the end of the year, debt capital markets still hindered environmental campaigns in other respects. "While the growth in green and sustainable bond instruments is welcome, as a whole, global debt capital markets currently finance more harm than good to climate and nature," said the fund. It said the vast majority of bonds provided "very little, if any, information on their environmental impacts".