G-20 Study Urges Finance Firms to Better Assess Environment Risk
- Study was presented to Group of 20 meeting in Hangzhou
- Increasing scale and likelihood of environmental risks
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Financial institutions should improve the way they assess risks to their operations from environmental threats, according to a paper presented to the Group of 20 meeting which concluded on Monday.
"Inadequate understanding of growing environmental sources of risk could allow threats to financial institutions to accumulate and limit progress towards sustainable global growth," the U.K’s Cambridge Centre for Sustainable Finance said in the paper.