Study: Banks set to plough $600bn a year into global low carbon transition by 2030

Michael Holder
clock • 3 min read
Credit: iStock
Image:

Credit: iStock

Financial firms that carve out a leadership position through investments in the net zero transition could boost profits by 30 per cent in the long term, according to Bain & Company

Global banks and financial firms are expected to collectively plough around $600bn a year into the low carbon transition through to 2030, generating $44bn a year in revenues in the process, according to...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Investment

'Green Social Prescribing': NHS charities awarded share of £1m to create green spaces

'Green Social Prescribing': NHS charities awarded share of £1m to create green spaces

Eight projects to be awarded grants of up to £200,000 over two years through Greener Communities Fund operated by Hubbub and NHS Charities Together

Stuart Stone
clock 29 May 2024 • 4 min read
Global Briefing: Emerging market green bonds issuance grows by a third

Global Briefing: Emerging market green bonds issuance grows by a third

New data confirms a rebound in the green bonds market, the US preps new carbon market guidance, and Shanghai's Formula E race chalks up a sustainable fuel first

James Murray
clock 24 May 2024 • 4 min read
Sustainability reporting: 120 Investors call for economy-wide ISSB standards adoption by 2025

Sustainability reporting: 120 Investors call for economy-wide ISSB standards adoption by 2025

Group of investors including London Stock Exchange Group, Rathbones and Legal & General Investment Management (LGIM) back statement demanding introduction of consistent, comparable sustainability reporting rules worldwide

Cristian Angeloni
clock 24 May 2024 • 3 min read