Green lending

Green lending refers to a lending dependent on environmental criteria for the planned use of funds.

Recently major banks such as Wells Fargo (July 2005, $1bn over 5 years)[1] and Bank of America (March 2007, $20 bn)[2] have dedicated financing toward green entrepreneurship. This usually means financing the building of environmentally sustainable or friendly buildings or enterprises. Banks appear to have taken the helm in instituting this social/financial change as opposed to borrowers.

See also

References

  1. ↑ Green Lending: Top 10 Reasons Why Banks Lend to Sustainable Buildings
  2. ↑ Green Wombat: Bank of America Commits $20 Billion to Green Lending
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