Deutsche and other major banks say the addition of ESG metrics to more corners of finance will help spread sustainability.
FRANKFURT: Deutsche Bank AG is in talks with a number of Turkish clients to ramp up funding it says will be tied to environmental, social and governance (ESG) metrics, as part of a wider plan to tap into an increasingly lucrative corner of finance.
Claire Coustar, Deutsche’s global head of ESG for fixed income and currencies and vice-chair of its Turkey unit, says she expects “a lot of positive stories” to come out of Turkey on the ESG front. She also notes that adding the label “will be very important going forward for bringing international investors into the country.”
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