Big Banks Seek to Green Project Lending

Time Magazine reports this week that, largely in response to activist preasure, major banks such as JPMorgan Chase are begining to account for the environmental and social effects of their project lending. In fact, 30 major private banks have signed on to the Equator Principles. We’ve reported on this before, but it’s especially noteworthy to see a “mainstream” magazine such as Time make reference to the ‘greening’ of high level finance. However, it’s too bad that the article leans heavily on the ‘activist’ angle – investing responsibly is usally as beneficial to business as it is to activists.