Credit Suisse plans $328 billion of sustainable financing, tightens fossil fuel lending rules

first_img FacebookTwitterLinkedInEmailPrint分享Reuters:Credit Suisse plans to provide at least 300 billion Swiss francs ($328.41 billion) in sustainable financing over the next decade in areas such as renewable energy and Green Bonds.The move is the latest in a string of announcements by banks looking to display their green credentials and capture demand for cash from companies to help a shift to a low-carbon economy. Governments around the world are tightening rules on industry to try to meet the terms of the 2015 Paris climate agreement.Credit Suisse also said it would cut exposure to the oil and gas sector, including restricting lending and capital markets underwriting to companies operating in thermal coal extraction, coal-fired power generation and Arctic drilling.Specifically, the bank said it would stop financing any onshore or offshore oil and gas projects in the Arctic, and stop lending to companies making more than 25% of their revenue from thermal coal mining or coal power.Credit Suisse also said it would also give “enhanced consideration” to biodiversity in both its lending and capital markets business, without giving details.[Simon Jessop and Brenna Hughes-Neghaiwi]More: Credit Suisse earmarks more than $300 billion for sustainable finance Credit Suisse plans $328 billion of sustainable financing, tightens fossil fuel lending ruleslast_img read more

In January 2008 Madrid turned again into the gast

first_imgIn January, 2008 Madrid turned again into the gastronomic capital of the world. For four days, the best international cooks met in MadridFusion, an exciting appointment in which technique and creativity join the raw materials, presenting to the world the last culinary creations.For the second year in a row, and joining its name to this great international event of gastronomy, Blancpain, the oldest watchbrand in the world, demonstrated that in these two professions dedicated to time and taste many facets are shared.The search of the excellence, the know-how, the precision and the passion for the details are the values that Blancpain has in common with the world of the gastronomy. Blancpain shares with the high gastronomy an undeniable aptitude for the art of living and the refinement.And there’s nothing better than the Blancpain watches to measure the time of the culinary creations. Under the motto of “Gastronomy, Internet and New Technologies”, MadridFusion has coincided with Blancpain’s dedication to the study of new techniques to apply to its pieces, always in constant evolution.Source: www.blancpain.comlast_img read more