The UK Government has ambitions for UK to be a green finance leader post-Brexit and just a couple of month's ago launched its Green Finance Taskforce. Now Edie reports that analysis by ShareAction into the green credentials of Europe's 15 largest banks has three UK banks (RBS, Standard Chartered and Lloyds) in the bottom 5 with assessed "scores" of 54, 52.5 and 37 out of 162. To its credit HSBC comes 3rd with a score of 92.5.
The real worry for the Government, though, will be the performance of French banks with 3 of them in the top 5. It is argued that this is being driven by innovative French legislation.
So the UK is playing catch up, again. The Brexit vision becomes dimmer by the day!
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