One year on, EU banks get greener as GARs grow
Contentious green asset disclosures show improvements for most major European banks in 2024
One year on from the first round of green asset ratio (GAR) disclosures, most European banks have made measurable progress, Risk Quantum analysis shows.
The median GAR rose from 2.1% to 3.4%, as banks expanded their portfolios of taxonomy-aligned green assets.
Out of 26 European banks analysed, 22 reported a higher ratio at the end of 2024 than a year earlier. Only four saw declines.
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