Product Description
Publication Date: September 01, 2022
Source: Rotman Management Magazine
The world's banks play a critical role in the pace of decarbonizing our planet. But despite acknowledging this and expressing support for the Paris Agreement - even setting their own targets for reaching net-zero emissions by 2050, in some cases - many are moving too slowly. The authors share research indicating that the majority of banks lag behind the pace of change necessary to hit 2050 targets. They make a plea for bank leaders globally to shift the mix of their loan portfolios and other financing activities away from heavy emitters and towards more sustainable actors across industries.
