The Bank of England will carry out further study as it is not yet clear whether it needs to require banks and insurers to set aside longer-term capital buffers to provide for the consequences of climate change.
Deutsche Bank on Thursday tightened its coal financing policies but has yet to change its criteria for the oil and gas industries, drawing criticism from climate activists.
Earnings season has ended and there is a sense among environmental campaigners that there has been a backward step in efforts to get companies to take more action on climate change.
Climate Action 100+ is the world’s largest investor engagement initiative on climate change, with 700 signatories managing $68 trillion in assets. If money talks, CA100+ has a megaphone without compare.
