Swiss investment banking giant UBS revealed this week that it has decided to further tighten its standards on coal financing transactions, ruling out project-level finance to new coal-fired power plants around the world, at the same time as the bank seeks to double penetration of sustainable investments by 2020.
Dutch banking giant ING has announced this week that it intends to commit €100 million to sustainable investments, specifically seeking to support sustainable ‘scale-ups’ which can boast a proven concept and positive environmental impact.
A recent survey of 22,000 investors across 30 countries by global investment manager Schroders has found that sustainable investing is on the rise across the globe, further finding that investors see sustainable investments as a way not only to drive societal, social, and environmental change, but also as a means to earn a profit.
