Tie banker bonuses to ESG, says Euro Parliament in radical push for green finance

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By Jon Hay
08 Nov 2018

The chances of a profound transformation of financial markets to equip them to fight climate change rose this week, when the European Parliament adopted a bold set of policies that would require investors, banks and companies to take into account their impacts on the environment and society. Bonuses would be linked to sustainability targets.

The policies are not law yet. They are the Parliament’s position for a three way negotiation, expected to take place early next year, with the European Commission — the EU’s civil service — and the European Council of national governments.

This covers part of the Commission’s Sustainable ...

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