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For a product that didn’t even exist four years ago, the sustainability-linked finance business is booming. More and more co

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. BBVA joins the net zero emission banking alliance 2 hours ago BBVA has joined the Net-Zero Banking Alliance (NZBA) as one of the 43 founding members. Banks in this international alliance commit to ensuring that all of their credit and investment portfolios are neutral in net emissions of greenhouse gases by 2050, in line with science and the most ambitious targets in the Paris Agreement. In addition, the...

loan portfolios (i.e., finance businesses committed to the environment) with the global climate goal to limit warming to well-below two degrees, striving for 1.5 degrees Celsius. With more than $15 trillion in assets, these Banks are fast-tracking the commitment all UN Principles for Responsible Banking signatories have made to align their business strategy with the goals of the Paris Agreement. Although most of the banks still have a number of steps to implement before they can publish a full assessment of their portfolios’ alignments or set targets, as the report notes, the activities co...