Accelerating sustainable finance in the European banking sector
Accelerating sustainable finance in the European banking sector
The European Banking Federation is the voice of the European banking sector, uniting 32 national banking associations in Europe that together represent some 3,500 banks – large and small, wholesale and retail, local and international – employing about two million people.
Challenge
To meet the objectives of the Paris Agreement and achieve the Sustainable Developments Goals (SDGs), trillions of euros will need to be mobilised globally. EBF released a Sustainability report with the intention of contributing to the European debate between institutions, regulators and banks on the measures to Europe should implement for the future.Impact
The sustainable banking principles of the report were presented during the COP25 2019 in Madrid. The European Commission through the presence of vice-president Vladis Dombrovski acknowledged the pledge and recommendations of the European banking sector for a sustainable future.
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