PBoC to score largest banks’ green finance efforts

PBoC
The People's Bank of China

The People’s Bank of China will start assessing major financial institutions’ environmental investments in a bid to increase green finance, it announced on June 9.

The assessments will consist of both quantitative and qualitative indicators, with a weight of 80% and 20%, the PBoC said in a statement. A total of 80% of banks’ final assessment on green factors will be determined by quantitative indicators, with 20% resting on qualitative indicators.

The PBoC did not specify how the scores will

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