Deutsche Bank sets emissions targets for coal, cement, shipping clients

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Deutsche Bank has set emissions reduction targets for loans to clients in the coal mining, cement and shipping sectors and now has a net-zero plan for 55% of its financed emissions, its chief sustainability officer told Reuters.

A key funder to polluting sectors, Germany’s biggest lender, like many of its peers, is under increasing pressure from policymakers and investors to push clients to curb climate-damaging emissions.

Source: Reuters

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