Research
Financial institutions tout sustainability while still funding high-carbon projects, review finds
Phys.org ·
The Brief
- A review in the International Journal of Managerial and Financial Accounting examines greenwashing in financial services.
- The review finds financial institutions often claim environmental responsibility while continuing to finance high-carbon projects.
- The story is based on a single review, as reported by Science News and phys.org.
Why it matters
Sustainability claims by financial institutions may not match their lending and investment choices, so readers assessing those claims should look beyond stated commitments to what is actually funded.
Who’s affected
- investors and sustainable finance professionals
- anyone evaluating environmental claims made by banks and financial firms
- #greenwashing
- #sustainable finance
- #climate finance
- #financial services
- #carbon emissions
A review published in the International Journal of Managerial and Financial Accounting on the subject of greenwashing in financial services has found that financial institutions often claim environmental responsibility while continuing to finance high-carbon projects.
Timeline
Science News and phys.org report the review's finding on financial institutions' sustainability claims
Science News - Mathematics, Economics, Archaeology, Fossils
Financial institutions tout sustainability while still funding high-carbon projects, review finds