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Investment banks could face diminished returns by failing to factor in sustainability

2014-02-25 11:23:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: Banks and other financial institutions are being pressured to report sustainability data in order to create long-term value, as negotiations attempt to drive responsible finance up the agenda. The talks, which are being co-ordinated by the Sustainability Accounting Standards Board (SASB), have included shareholders, large corporations and multinational banks such as Goldman Sachs and Deutsche Bank. The SASB is a cross collaboration, funded by the likes of Bloomberg and the Rockerfeller Foundation,...

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