International | Principle for Responsible Banking | Sep 16th-Sep 22
World Banks Adopt New Climate Change Principles According to Reuters News, banks with more than $47 trillion in assets, or a third of the global industry, adopted new U.N.-backed “responsible banking” principles to fight climate change on Sunday that would shift their loan books away from fossil fuels". Among these banks are Citi Group and Deutsche Bank.This announcement was made by the United Nations Environment Progamme Finance Initiative, before the United Nations General Assembly this u
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