Green lending
Encyclopedia
Green lending refers to a lending dependent on environment
al criteria for the planned use of funds.
Recently major banks such as Wells Fargo
(July 2005, $1bn over 5 years) and Bank of America
(March 2007, $20 bn) have dedicated financing toward green entrepreneurship. This usually means financing the building of environmentally sustainable or friendly buildings or enterprises. Banks appear to have taken the helm in instituting this social/financial change as opposed to borrowers.
Environmentalism
Environmentalism is a broad philosophy, ideology and social movement regarding concerns for environmental conservation and improvement of the health of the environment, particularly as the measure for this health seeks to incorporate the concerns of non-human elements...
al criteria for the planned use of funds.
Recently major banks such as Wells Fargo
Wells Fargo
Wells Fargo & Company is an American multinational diversified financial services company with operations around the world. Wells Fargo is the fourth largest bank in the U.S. by assets and the largest bank by market capitalization. Wells Fargo is the second largest bank in deposits, home...
(July 2005, $1bn over 5 years) and Bank of America
Bank of America
Bank of America Corporation, an American multinational banking and financial services corporation, is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. The bank is headquartered in Charlotte, North Carolina...
(March 2007, $20 bn) have dedicated financing toward green entrepreneurship. This usually means financing the building of environmentally sustainable or friendly buildings or enterprises. Banks appear to have taken the helm in instituting this social/financial change as opposed to borrowers.