The world’s largest banks are showing little progress on addressing climate change. According to researchers, the ratio of spending on low-carbon infrastructure relative to fossil fuels needs to reach 4 to 1 by 2030. At the end of 2023, this ratio was 0.89 to 1. Bloomberg covers the story.
EU asset managers are following US trends in ‘pulling back’ on a public show of climate action. Following Trump’s presidential win, asset managers across Europe were taking a cautious approach to the topic of socially responsible investing. The Financial Times covers the story.
