Sustainable financing takes hold

Asian banks are starting to incorporate the concept of sustainability into their businesses: Once an unfamiliar concept for many, sustainable finance has become a movement that has been gaining traction around the world. Last September, the World Federation of Development Financing Institutions (WFDFI) formally launched the Global Sustainable Finance Network (GSFN), a voluntary membership-based global initiative that aims to bring together financial institutions and other stakeholders committed to the advancement of sustainable finance. Asian banks are also starting to incorporate the concept of sustainability into their businesses, according to the World Bank’s investment arm, International Finance Corporation (IFC). More…

 

Source:The Business Times

admin // 10.08.2012

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