EU banks fear green asset ratios paint an unfair picture
Industry lobbyist clashes with lawmaker over usefulness of new sustainability disclosure
New ratios gauging the greenness of bank balance sheets in the European Union fail to accurately portray the real sustainability of banks’ lending books, according to a German banking lobbyist. But a key architect of the rules has said they can help guide banks towards financing the transition to a low-carbon economy.
“The green asset ratio misrepresents the actual sustainability profile of a bank,” said Adrian Schwantes, an associate working on sustainable finance at the Association of German
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