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Western EuropeApril 6 2020

French banks lead field in global push towards adopting green finance

France’s strict environmental regulation has nudged its banks towards sustainable finance strategies, building expertise in an area that is only set to grow. James King reports.
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Many banks talk a good game when it comes to sustainable finance but France’s banks have taken discernible action, making huge strides in recent years towards enhancing their green finance credentials in particular.

This can be attributed to institutional strategies on the one hand, which have been driven by regulatory pressure from public sector authorities on the other. The resulting progress has positioned France’s banking sector as a world leader in a financial domain that is likely to shape the sector in the coming decades.

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