Banking Industry Should Address Climate Risk, Report Says


From environmentalleader.com July 17, 2014

The banking industry has not successfully integrated climate change risk into its long-term strategic planning, or understood the implications for its business operations, according to a report by Boston Common Asset Management.

The report, Financing Climate Change: Carbon Risk in the Banking Sector, warns investors may unwittingly be investing in financial institutions that will be adversely impacted by the effects of climate change and calls on investors to push for systemic change in the banking industry to address climate change risks.
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