Banks issue billions in "sustainability-linked loans" to major polluters, sparking greenwashing concerns.

Major polluters are receiving billions in "sustainability-linked loans" (SLLs) from banks without clear accountability, raising concerns about greenwashing. Since 2018, over $286 billion in SLLs have been issued to companies in harmful industries like fossil fuels and deforestation. These loans often help improve the companies' reputations without significantly reducing environmental damage, as transparency and penalties for failing to meet sustainability targets are lacking.

2 months ago
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