Macquarie has loosened its investment and lending policies for metallurgical coal mines, citing limited alternatives for steelmaking and infrastructure development, in the latest reversal of its sustainability restrictions.
Macquarie’s annual report, released on Friday, outlined the policy backpedal with the asset manager and investment bank allowing lending from its own balance sheet and equity investments for metallurgical coal mines.
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Joyce Moullakis writes on banking and finance, specialising in investment banking, private equity, and financial services. Connect with Joyce on Twitter. Email Joyce at joyce.moullakis@nine.com.au
