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Finance

Asian ESG-linked financing opportunities draw European banks

High-emitting region offers big potential for environment-focused project loans

The sustainable finance market, which combines the amounts of ESG-related bonds issued and those of loans provided, has amounted to a total $1 trillion over the past five to six years. (Source photo by AP) 

TOKYO -- Leading European banks are going on an offensive in the market for sustainable financing, particularly in Asia, seeking to boost business opportunities on the assumption that almost all financial assets will be linked to environmental, social and corporate government best practice in 10 years' time.

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