In ESG era, new green asset ratio could give Europe's banks an edge over rivals
Blog Blog Blog Blog 7 Apr, 2021 Author Jon Rees European banks may gain an edge over their U.S. peers with a proposed "green asset ratio" designed to give investors clarity on increasingly important environmental issues, according to market participants. The European Banking Authority has recommended that banks adopt a greet asset ratio, or GAR, to show how their economic activities are environmentally sustainable, putting the proposal out to consultation. The ratio would measure the sum of a bank's climate-friendly loans, advances and debt securiti...
Source: spglobal.com