BNP Paribas, France’s biggest bank, will strive hard to promote its sustainable finance in South Korea as it seeks to arrange more funds for projects that make a positive impact on the environment and society, a company executive said on March 22.
Sustainable finance has been a watchword for investors that integrate environmental, social and governance issues into their investment decisions.
Since a UN climate deal was signed in Paris in 2015, pension funds and financial firms around the world have mounted fossil fuel divestment.
Speaking at a forum on sustainable finance, Philippe Noirot, head of the French bank’s Korean unit, said the global market for sustainable finance grew to some $250 billion in 2018.
“Given the continued focus on sustainability, we expect the sustainable finance market to continue to grow for the foreseeable future,” Noirot said.
“We will strive to continue this trend and be your trusted partner in navigating the growing market of sustainable finance for years to come.”
By Ram Garikipati and newswires (email@example.com)