Sustainable finance should have a major role in closing the trade finance gap in Asia, but challenges around targeting and verification are causing disillusionment among corporates.
Treasurers need to pay close attention to terms and conditions, specific country regulations, such as disclosure updates, supply chain traceability and indirect emissions, experts tell CT.
Spanish lender BBVA may have its core markets in Latin America but it is targetting ESG in Asian supply chains. It announced it is expanding its suite of sustainable finance products to reach a greater range of customers including corporate treasurers
Fitch Ratings will use a new system to study ESG factors when compiling credit ratings. Moody’s warns that debt worth $2.2 trillion across 11 sectors could be downgraded due to environmental risk.