Sep 26 2018, 10:43 PMSep 28 2018, 5:56 AMSeptember 26 2018, 10:43 PMSeptember 28 2018, 5:56 AM
60% of UK banks are taking a long-term “strategic” approach to climate change, while Just 10% are focussing simply on the next three to five years , according to Bank ) survey. However, the majority of lenders are now treating global warming in the same way as other financial risks, rather than simply in terms of corporate social responsibility. The BoE warned that a “too little, too late” response could see “the most severe financial risks crystallizing in the banking sector”. The a Bank of England (BoE also stated that the window for an orderly low-carbon transition “is finite and closing”.