Major governments worldwide have implemented – or are working to implement – new initiatives mandating sustainability and climate-change related reporting. The aim is to better understand the financial risk faced by climate change, and, in some jurisdictions, to also understand the wider impact entities have on environmental social interests.
In the first such move by a central bank worldwide, the Bank of England (BoE) has stepped up its calls for financial institutions to take action on climate change with the release of a set of proposed supervisory rules.
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