The Wall Street Journal reports that a group of 19 major banks will partner together to develop standards aimed at integrating climate risk management throughout their operations. These standards will be designed to measure climate risk exposure as many banks have previously committed to reducing their carbon footprint. This new banking initiative and group formation follows pressure from regulators to measure climate risk and provide the necessary disclosure.
Major Banks Announce Commitment to Integrating Climate Risk Management
Published on January 12, 2022
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