Banks will not be Forced to Reveal Climate Change Risks they face – The Guardian
Credit: Richard Gardner/REX/Shutterstock.
Article Synopsis – The Bank of England has warned financial companies to vastly improve their planning to safeguard against the financial risks posed by global warming, but stopped short of forcing them to disclose the potential risks they face. “The Bank has previously said that only 10% of banks take a long-term view of the risks posed by climate change, which could have a catastrophic impact on the financial system”. To read the actual article click here.