Updated: 16 UNEP FI Member Banks representing many trillions of dollars are first in industry to jointly pilot the TCFD Recommendations
UNEP FI News, July 11th, 2017
31 October, 2017: Update – 16 banks now form the UNEP FI TCFD pilot project’s Working Group.
Eleven of the world’s leading banks announced on 11 July, 2017 that they will work together with UNEP FI to develop analytical tools and indicators to strengthen their assessment and disclosure of climate-related risks and opportunities. Read more

Banks Heed Carney’s Call to Tackle Risks of Climate Change
Bloomberg Business, July 11th, 2017
Eleven major banks including Barclays Plc, Citigroup Inc. and UBS AG said they’ll seek ways to address the financial risks of global warming, after Bank of England Governor Mark Carney urged investors to act on the threat. Read more

Banks worth $7 trillion pledge to calculate costs of climate risks
Reuters, July 12th, 2017
Eleven of the world’s biggest banks pledged on Tuesday to find out how much exposure they have to risks related to climate-change, a move backed by environmentalists who say better information on the costs of global warming will push lenders to transition toward green investments. Read more

Financial Sector Advances Climate Risks Disclosure, EEA Assesses Climate Finance Data
IISD News, July 13th, 2017
Several recent initiatives aim to enable climate risks to be integrated into decision making within the financial sector. Eleven global banks are collaborating with the UN Environment Finance Initiative (UNEP FI) to bolster the assessment and disclosure of climate-related risks and opportunities. At the EU level, a study from the European Environment Agency (EEA) assesses the availability of data to track climate finance. Read more

 

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