Boom in ‘sustainable’ debt fuels scrutiny of green labels

Trillion-dollar green finance targets set by leading investment banks are driving a boom in “sustainable” debt deals, many of which have attracted criticism for funding high-emitting companies or financing projects unrelated to environmental goals.Banks are still working out how to calculate the greenhouse gas emissions linked to their activity financing clients in polluting industries. They may be forced to start disclosing these emissions in California from 2027 and earlier in the EU and..