£21B Real Estate Lender Won’t Offer New Loans To Firms Without A Decarbonisation Plan

Barchart · 10/14 15:54
One of the largest real estate lenders in Europe will no longer provide new debt for companies that don’t have a plan to cut the carbon emissions of their assets and issued a warning about the need to retrofit more assets.  In its Climate Progress Update 2024 report, Dutch bank ING said it had created a tool called ESG.X to asses the climate disclosure of 2,000 clients in its wholesale banking division, which includes its real estate borrowers. It said it will assess their disclosures and decarbonisation plans between now and 2026 to understand how their clients are progressing.  “Based on that, we...