Banks increasingly align investment strategies with sustainability
Frankfurter Allgemeine Zeitung
The European Commission estimates the necessary investment needed to achieve its target of reducing the EU’s greenhouse gas emissions by 40 percent by 2030 at 180 billion euros per year, writes Markus Frühauf in Frankfurter Allgemeine Zeitung. Brussels therefore sees a need to make sustainable financing more attractive to banks, insurers, and asset managers. Some German banks are aligning their activities with the EU’s goals, writes Frühauf. Paderborn-based Bank for Church and Caritas is guided by environmental and social criteria and good corporate governance in asset management, according to portfolio manager Bernhard Matthes. “Ninety-nine percent of our investments are sustainable,” says Matthes.
Read the article in German here.
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