Bank loans remain the world's single largest source of financing for businesses - and companies involved in environmentally harmful activities rely on wholesale and investment banks to meet their funding needs. 33 of the largest global banks provided fossil fuel companies with funding of more than $1.9 trillion between 2015 and 2018, according to the 2019 'Banking on Climate Change' report. Therefore, wholesale and investment banks have an important role to play in mobilising private capital for green investment through their lending and capital markets operations and incorporating climate risks and possibilities into their analysis and advisory services, and need to do much more.
Key learning objectives:
What is the role of wholesale and investment banks serving corporate clients and other financial institutions?
What are the examples of green corporate banking products and services?
What are the principles for responsible banking?