Home Business Barclays is taking over StanChart’s head of global sustainable finance, Reuters reports

Barclays is taking over StanChart’s head of global sustainable finance, Reuters reports

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© Reuters. FILE PHOTO: The Barclays logo is seen in front of the stock chart shown in this illustration taken June 21, 2017. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) – British lender Barclays (LON:) on Wednesday appointed Daniel Hanna of Standard Chartered (OTC:) as global head of sustainable finance for the corporate and investment bank to help deliver its climate strategy.

For the past four years, Hannah has been Head of Sustainable Finance at Standard Chartered.

“As the world deals with the impact of high energy prices and climate change, Barclays has a strong platform to help channel capital into new technologies and companies that can help decarbonise the economy and drive sustainable growth,” Hanna said in a statement.

According to the company, Barclays has already facilitated 74 billion pounds ($85.06 billion) in environmental financing, including backing the British government to issue its first green bonds.

($1 = 0.8699 pounds)

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