Climate Changed
Banks Heed Carney's Call to Tackle Risks of Climate Change
- Barclays, Citigroup, UBS among banks to pilot recommendations
- G-19 action plan backed climate disclosure taskforce
BOE's Carney Sees Risks to Climate Change Management
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Eleven major banks including Barclays Plc, Citigroup Inc. and UBS AG said they’ll seek ways to address the financial risks of global warming, after Bank of England Governor Mark Carney urged investors to act on the threat.
The group, representing more than $7 trillion, started a pilot project to implement the recommendations of a taskforce set up by Carney to increase financial reporting standards on issues related to the environment, according to a statement from the United Nations Environment Finance Initiative on Tuesday.