Banks' Push for Sustainable Finance Continues Despite COVID-19 Related Disruption
DBRS Morningstar has released a commentary discussing banks’ current approach towards sustainable finance. In particular, it discusses the adverse impact that the coronavirus (COVID-19) outbreak has had on the issuance of green bonds in 2020 to date, with volumes significantly lower compared to the same period the year before. However, we expect this disruption to be temporary as banks continue to strengthen their sustainability profile, including signing up to initiatives such as the Task Force on Climate-Related Financial Disclosures (TCFD).
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