JPMorgan rejects transition finance trend

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The story "JPMorgan rejects transition finance trend" was covered 2 days ago by The Star, a news publisher based in Malaysia.

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The Star 2d ago

JPMorgan rejects transition finance trend - The Star

Quick Summary:

NEW YORK: JPMorgan Chase & Co is turning its back on a trend that’s been embraced by many of its Wall Street peers.

The goal is to define what can be included in its US$500bil sustainable finance goal, and to guide bankers engaging with high-carbon clients, according to a person familiar with the bank’s thinking who asked not to be identified discussing private deliberations.

The company is rejecting the transition finance trend believing that the approach ignores the fact that investors are less concerned with definitions and more interested in proof.