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By Gonçalo BACELAR, Consultant Wavestone
Over the last few years, Europe has become a global leader in Sustainable Banking. The European financial industry, led by the European Union (EU), is at the forefront in integrating sustainability into its investments, operations and regulatory frameworks, with a growing emphasis on Environmental, Social and Governance (ESG).
The EU believes that sustainable finance(1) has a key role to play in achieving internal policy objectives by channeling investment towards the transition to a low-carbon, more resource-efficient and sustainable economy, within the framework of the European Green Deal, as well as the EU’s international sustainability commitments.
The European Green Deal...
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