Major banks ’still not doing enough’ to embed climate risk in decisions.
"Major banks are largely failing to align their business practices with international climate targets and are still not doing enough to effectively manage climate risk. That is the stark conclusion of a new survey [by Boston Common Assets Management] of 28 of the world’s largest banks, which found more than 80 per cent of those polled are not integrating the results of environmental stress testing into their business decisions."
[COMMENTARY] This is probably a case where the banks announce their concerns about climate change, sustainability, etc., but don’t quite believe it enough to engage in it internally. It’s likely just a question of time before they do.
Major banks ’still not doing enough’ to embed climate risk in decisions, by Michael Holder, January 17, 2017, BusinessGreen, UK.