03 Oct 2023 | Financial Services | research series
Fossil Fuel Burning Debates - European Bankers Clash on Sustainability Targets
Despite pledging alignment with the Paris Climate Accord, European banks have raised >1 trillion Euros in bonds for fossil fuel firms. This has drawn significant criticism from environmental advocates and the breach threatens now customer loyalty. Furthermore, research reveals disproportionately low investments in low-emission fuels compared to fossil fuels. Banks now face a challenge reconciling profitability with climate activism.
Jasper Colin's recent study assesses the burning debates on Profitability vs Sustainability and how AI-driven due-diligence can assist European banks in navigating the dilemma.