JPMorgan Manager Reveals Misgivings Over ESG Loan Pitches (1)

There’s a corner of ESG that seems more prone to “greenwashing” than others and that’s the market for sustainability-linked loans, according to one of the JPMorgan Chase & Co. managers who helps sort through debt that’s pitched to the firm.

The Wall Street giant, which is among the world’s top three underwriters of green bonds, is seeing a lack of consistency in the quality of the ESG loans that corporate clients are trying to get, according to Andre Abadie, managing director at JPMorgan’s Center for Carbon Transition. He’s even gone on the record to say that a lot of ...