According to Reuters , finance firms within the European Union may be subject to stress tests to assess their exposure to climate change risks . The potential tests will be reviewed by independent finance ministers and bankers at a meeting in banking later this month . The document outlining the proposals identifies real estate , transport and steel as some of the sectors most vulnerable to risk . No firm decisions are expected to be taken at the meeting . Mark ##uters , Governor of the Bank of England , has previously called for greater disclosure on climate change risk . Last year , the United Nations environmental body , UNEP , considered the benefits of “ sustainability stress tests ” in banking in relation to issues such as air pollution , climate change , natural hazards , inequality , soil erosion and water shortage .
According to Reuters, finance firms within the European Union may be subject to stress tests to assess their exposure to climate change risks. The potential tests will be discussed by EU finance ministers and bankers at a meeting in Amsterdam later this month. The document outlining the proposals identifies real estate, transport and steel as some of the sectors most vulnerable to risk. No firm decisions are expected to be taken at the meeting. Mark Carney, Governor of the Bank of England, has previously called for greater disclosure on climate change risk. Last year, the United Nations environmental body, UNEP, considered the benefits of “sustainability stress tests” in banking in relation to issues such as air pollution, climate change, natural hazards, inequality, soil erosion and water shortage.