1.0EBFhttps://www.ebf.eu‘European Banks Lead on Financing Sustainability’ by Wim Mijs, EBF CEOrich600338<blockquote class="wp-embedded-content" data-secret="SQjXHcn8Q3"><a href="https://www.ebf.eu/sustainable-finance-newsletter/european-banks-lead-on-financing-sustainability-by-wim-mijs-ebf-ceo/">‘European Banks Lead on Financing Sustainability’ by Wim Mijs, EBF CEO</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.ebf.eu/sustainable-finance-newsletter/european-banks-lead-on-financing-sustainability-by-wim-mijs-ebf-ceo/embed/#?secret=SQjXHcn8Q3" width="600" height="338" title="“‘European Banks Lead on Financing Sustainability’ by Wim Mijs, EBF CEO” — EBF" data-secret="SQjXHcn8Q3" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
/*! This file is auto-generated */
!function(c,d){"use strict";var e=!1,o=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},c.wp.receiveEmbedMessage);else if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(!t);else if(!(t.secret||t.message||t.value));else if(/[^a-zA-Z0-9]/.test(t.secret));else{for(var r,s,a,i=d.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),n=d.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),o=new RegExp("^https?:$","i"),l=0;l<n.length;l++)n[l].style.display="none";for(l=0;l<i.length;l++)if(r=i[l],e.source!==r.contentWindow);else{if(r.removeAttribute("style"),"height"===t.message){if(1e3<(s=parseInt(t.value,10)))s=1e3;else if(~~s<200)s=200;r.height=s}if("link"===t.message)if(s=d.createElement("a"),a=d.createElement("a"),s.href=r.getAttribute("src"),a.href=t.value,!o.test(a.protocol));else if(a.host===s.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener("message",c.wp.receiveEmbedMessage,!1),d.addEventListener("DOMContentLoaded",t,!1),c.addEventListener("load",t,!1);function t(){if(o);else{o=!0;for(var e,t,r,s=-1!==navigator.appVersion.indexOf("MSIE 10"),a=!!navigator.userAgent.match(/Trident.*rv:11\./),i=d.querySelectorAll("iframe.wp-embedded-content"),n=0;n<i.length;n++){if(!(r=(t=i[n]).getAttribute("data-secret")))r=Math.random().toString(36).substr(2,10),t.src+="#?secret="+r,t.setAttribute("data-secret",r);if(s||a)(e=t.cloneNode(!0)).removeAttribute("security"),t.parentNode.replaceChild(e,t);t.contentWindow.postMessage({message:"ready",secret:r},"*")}}}}(window,document);
</script>
https://www.ebf.eu/wp-content/uploads/2020/07/iStock-153265195-scaled.jpg25601707To avoid the most dangerous consequences of climate change, global greenhouse gas emissions must drop by 50% over the next decade. The European banking sector is in a unique position as it is not only directly impacted by risks linked to climate change, but also plays a crucial role in financing the transition towards a low-carbon economy through its allocation of resources, including corporate and retail lending, financial markets intermediation, and asset management. Climate change is at the top of banks’ sustainability concerns and banks across the Eu are committing to sustainable banking. However, moving forward, governments will need to deliver on their policy objectives and the solution will have to be global if we want to accelerate the transition and ensure a safe environment for future generations.