Climate risk rising up agenda for lenders

Reliable measures still some way off, banks admit

Under ever-increasing pressure from investors, banks are striving to improve their climate-related risk disclosure.

Mainstream investors, such as large asset managers, are increasingly concerned not only with a bank’s green credentials but with its resilience to regulatory and physical climate risk. They want transparency on how banks are thinking about these risks, and insight into how they are assessing and managing them.

“We have spent the past few years pushing for greater transparency and