Bloomberg Law
Nov. 16, 2020, 11:39 AM

ANALYSIS: Future Pressure on Financial Sector for Climate Action

Sansanee Dhanasarnsombat
Sansanee Dhanasarnsombat
Legal Analyst

Pressure on the financial sector to better manage climate-related risks could result in the implementation of more stringent lending and investment screening policies next year.

Financial institutions are increasingly exposed to climate risks connected with their loans and investments. As a result, regulators and investors are stressing the importance of shifting financing away from companies or projects that contribute to climate change and setting goals to reduce greenhouse gases (GHG) emissions.

Throughout 2020, several guidelines and reports have been published by industry-led organizations and financial regulators to help the financial sector better understand and manage climate risks. These documents are ...

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