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On the road to net zero, what is the role of the banks and the financial industry? Significant developments in the implementation of ESG in the strategy of banks

Tavernier, Hélène
(2023)

Files

TAVERNIER_50641800_2023.pdf
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Details

Supervisors
Olieslagers, Ruben
Faculty
Louvain School of Management
Degree label
Master [120] : ingénieur de gestion, à finalité spécialisée
Abstract
Banks and the financial sector are key players on the road to net zero. European banks and other financial institutions have signed the 2015 Paris Agreement and are committing to reach carbon neutrality by 2050. Most banks and financial institutions integrate ESG into their decision-making process and embed ESG risks into their risk assessment. The main role of banks is to promote sustainable instruments such as sustainability-linked loans, green bonds, or green loans. Sustainable finance accelerates the decarbonization process. This research paper examines the various regulations, disclosures, and guidelines that exist to help banks navigate the realm of sustainability. The thesis elucidates how banks and financial institutions own the necessary tools to bring us to a low-carbon economy.