Italy central bank to spurn firms that don’t go green

FILE PHOTO: Banca D'Italia (Bank of Italy) sign is seen in downtown Rome, Italy, October 19, 2018. REUTERS/Alessandro Bianchi

ROME (Reuters) – The Bank of Italy plans to adopt investment criteria which reward companies that take action on climate change, joining other central banks, commercial banks and fund managers in ratcheting up pressure on boardrooms to go green. The criteria will apply by end-June to the Italian central bank’s roughly 8 billion euros ($8.9 […]

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