Tag: sustainable

Credit Suisse earmarks more than $300 billion for sustainable finance

LONDON (Reuters) – Credit Suisse plans to provide at least 300 billion Swiss francs ($328.41 billion) in sustainable financing over the next decade in areas such as renewable energy and Green Bonds.

The move is the latest in a string of announcements by banks looking to display their green credentials and capture demand for cash from companies to help a shift to a low-carbon economy. Governments around the world are tightening rules on industry to try to meet the terms of the 2015 Paris climate agreement.

Credit Suisse also said it would cut exposure to the oil and gas sector,

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