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Emerging markets have become major drivers of climate change, with reforms to expand sustainable lending
.
Emerging markets embark on banking reforms to advance sustainable lending
According to the Sustainable Banking Network report, 34 countries have initiated banking reforms
.
The Sustainable Banking Network is an organization
supported by the International Finance Corporation (IFC), banking supervisors and associations.
Thirty-four countries account for $42.
6 trillion in banking assets, or more than
85% of the total number of emerging markets.
The report adds eight countries, namely Bangladesh, Brazil, China, Colombia, Indonesia, Mongolia, Nigeria and Vietnam, to require banks to assess and report the environmental and social risks of their lending operations, and to provide market incentives for banks to lend
for green projects.
，
Emerging markets have become major drivers of climate change, with reforms to expand sustainable lending
.
Emerging markets embark on banking reforms to advance sustainable lending
Emerging markets embark on banking reforms to advance sustainable lendingAccording to the Sustainable Banking Network report, 34 countries have initiated banking reforms
.
The Sustainable Banking Network is an organization
supported by the International Finance Corporation (IFC), banking supervisors and associations.
Thirty-four countries account for $42.
6 trillion in banking assets, or more than
85% of the total number of emerging markets.
The report adds eight countries, namely Bangladesh, Brazil, China, Colombia, Indonesia, Mongolia, Nigeria and Vietnam, to require banks to assess and report the environmental and social risks of their lending operations, and to provide market incentives for banks to lend
for green projects.
，
