World banks adopt new climate principles

By Matthew Green
Updated September 23 2019 - 7:48am, first published 7:43am
Deutsche Bank is among world banks adopting new climate investment principles at the UN.
Deutsche Bank is among world banks adopting new climate investment principles at the UN.

Banks with more than $US47 ($A69) trillion in assets, or a third of the global industry, have adopted new UN-backed "responsible banking" principles to fight climate change that would shift their loan books away from fossil fuels.

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