Banks around the world are slowly beginning to realise the financial risks associated with climate change and sustainable lending, according to Paul Fisher, a former senior executive at the Bank of England who had direct involvement in the Financial Stability Board’s Taskforce on Climate-related Finance Disclosures (TCFD).
Speaking to (ANZ) bluenotes on video and podcast, Dr Fisher – Senior Associate of the Cambridge Institute of Sustainability Leadership and representative at the European Commission’s High-level Experts Group on Sustainable Finance – said the next step for banks was determining the extent of their own risk. Read more