Exercise aims to support more robust management of climate-related financial risks across the sector, says governor.
Transition paths from brown to green assets are largely dependent on public policy, with finance sector playing supporting roles.
Asset owners and managers encouraged to turn up the heat as banks prove slow to withdraw from historic relationships.
Oil and gas majors may be on the back foot this week, but they’re far from alone in needing to do more.
Transition frameworks need to account for nuances in strategies, asset managers say.
New guidelines incorporate 2018 changes to Corporate Governance Code, including greater stakeholder focus.
Coal policies of UK institutions, PPCA members criticised by Reclaim Finance.
But Biden’s summit was not the perfect argument for every day being Earth Day.
Demand accompanies IIGCC-convened initiative to enhance global banks’ disclosure, governance and business alignment with 2050 net-zero goals.
Disclosures will be required for financial years commencing in 2022 for around 200 organisations.
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