KPMG shares suggestions on steps companies can take to prepare themselves before approaching banks on green financing.
All the UK banks are looking to increase their green and sustainable lending with Barclays, HSBC, Lloyds Bank, NatWest, Santander, Standard Chartered and Triodos (at the time of writing) having undertaken to align their lending with pathways to Net Zero by 2050 as members of the Global Net Zero Banking Alliance. As banks issue green bonds or sustainable bonds (often linked to the UN SDGs), or look to attract green deposits, they will increasingly look to green and ESG loan assets to underpin these instruments. Most of the UK banks have published green or sustainable frameworks defining what they consider to be eligible activities for these loans. Further guidance is expected to come when the UK Green taxonomy, a detailed list of economic activities that are deemed to be sustainable, is published by the UK Government.
UK companies can (and should) prepare themselves before they approach banks for gr
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