Bank Clients in Sweden Face New Climate Hurdle to Get Credit
Bank Clients in Sweden Face New Climate Hurdle to Get Credit Bloomberg 2/2/2021 © Bloomberg A Swedbank AB branch at night in Riga, Latvia. (Bloomberg) -- A growing number of Swedish banks will start turning clients away if their businesses aren’t clean enough to justify new loans. Swedbank AB, Sweden’s biggest mortgage bank, just became the latest in the country to limit lending based on climate criteria. The Stockholm-based bank won’t provide fresh credit for new oil and gas projects. Nor will it provide funds to enable production in the Arctic. Jens Henriksson, Swedbank’s chief...
Source: msn.com