Finance
Finance Industry Gets Pushed Closer to Key Sustainability Rules
- Green bond issuance, ESG fund assets top the $1 trillion mark
- CFTC’s Behnam says global regulators need to ‘harmonize’
Photographer: SeongJoon Cho/Bloomberg
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The accelerating climate crisis is increasing pressure on regulators and corporate executives to set universal standards for the burgeoning sustainable finance industry.
Sustainable finance has quickly become a core business for most banks and fund managers, since the transition to a lower-carbon world will require trillions of dollars of investment in renewable energy, electric vehicles and a host of related technologies and infrastructure.