September 15, 2023
Boom in ‘sustainable’ debt fuels scrutiny of green labels
By admin | |
Trillion-dollar green finance targets of leading investment banks are driving a boom in “sustainable” debt. The FCA in the UK warned banks over “greenwashing”. Bank of America structured $500mn of “blue” bonds for the state of Gabon, but the bank said it could not guarantee that the description complied with sustainable investing standards.