The world’s largest banks are facing calls from investors and activists to publish ratios that compare their spending on renewable energy with the amount they continue to invest in fossil fuels.
Non-profits Reclaim Finance, BankTrack and Beyond Fossil Fuels are campaigning for banks to set a target ratio of 6:1 for their clean energy compared with fossil fuel financing by 2030. This would mean for every €1 spent on financing fossil fuels, €6 should be spent on cleaner energy sources such as wind and solar power.
