City Of London Pushes For Clear Guidelines On 'Green' Loans

Law360, London (November 1, 2017, 7:58 PM GMT) -- The City of London Corporation, which governs the city's historic center and financial services hub, on Wednesday called on governments, policymakers and central banks to speed up the developing and finalizing of guidelines for “green” loans, including how they should be defined and promoted to investors.

The corporation — which provides local government and policing for the “square mile” of financial services in the U.K.'s capital — said its Green Finance Initiative team recently joined forces with its Chinese counterpart, the China Society for Finance and Banking, to look into current practices around the disclosure of environmental, social and governance, or...

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