The European Central Bank (ECB) warned on Monday (22 November) that most commercial banks it supervises do not have concrete plans to start preparing for climate change.
In the first-ever exercise of its kind, the ECB assessed the state of climate-related and environmental risk-management in the banking sector.
Out of the 112 banks the ECB oversees "only a handful of them mention actively planning to steer their portfolios on a Paris-compatible trajectory", ECB executive board me...
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Already a member? Login hereWester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.
Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.