Climate plans found to lower companies’ borrowing costs
ITPN research finds debt interest rates for companies that publish full climate transition plans are 0.8 percentage points less than for those that do not
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Interest rate
The price of borrowing money, expressed as a percentage of the amount borrowed. A central bank sets a benchmark rate that other rates follow.
It decides how much people pay on loans and mortgages and how much savers earn, and it is the main tool for fighting inflation.
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