Research Archive

A row of large, yellow laundrette washing machines, with small white laundry baskets in front.
Research| May 28, 2024

The ESG Washing in Banks

Evidence from the Syndicated Loan Market

To divert attention from their unsustainable practices, low ESG-rated banks lend to firms with better ratings, says a study showing markets react well to such ‘ESG-washing’.

Published by Journal of International Money and Finance
Smoke pours from a slender an industrial red and white chimney stack against a deep blue sky
Research| February 1, 2024

Do Banks Practise What They Preach?

Brown Lending and Environmental Disclosure in the Euro Area

Banks less engaged with environmental risks use positive language in disclosure reports to mask a lack of action, says this BIS paper.

Published by Bank of International Settlements
Smoke pouring from the tops of two tall industrial chinmeys
Research| June 20, 2023

The CO2 Content of the TLTRO III Scheme and Its Greening

Researchers explore how to design green targeted longer-term refinancing operations that address the “carbon bias” of ECB refinancing schemes and support price stability.

Published by LSE Grantham Institute

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