How Green is your Bank?
There’s never been a better time to invest green but which banks are leading the pack? Douglas Cogan, Director of Climate Change Research at the RiskMetrics Group recently analyzed the top 40 financial institutions in terms of their “greenness” and found what he calls “encouraging progress.”
The top-ranked bank was HSBC and Citigroup and Bank of America rated highest among US institutions. At the bottom of the list were Bank of China and Industrial Bank of China.
The report, Corporate Governance and Climate Change: The Banking Sector, looked at issues like addressing climate change, calculating greenhouse-gas emissions and setting reduction targets, support of alternative energy projects, partnerships with environmental groups and developing positions like Chief Environmental Officers.
Do you think banks are doing enough to go green?
More:
- Ceres Ranks Banks on Climate Change
- How ‘Green’ Are the World’s Banks?
- Banks Continue To Step Up Green Initiatives
- Bank of America Commits to Sustainability
- Corporate Governance and Climate Change: The Banking Sector (PDF)
Via CSMonitor