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Banks worth $47 trillion adopt new UN-backed climate, sustainability principles

Banks worth $47 trillion adopt new UN-backed climate, sustainability principles

New York, Sept 23 (IBNS): Banks collectively with more than $47 trillion in assets, or a third of the global industry, signed up on Sunday to new United Nations-backed responsible banking principles in a massive boost for climate action and the shift from “brown to green” models of economic growth.