Asian Banks Need to Improve How They Track and Disclose Financed Emissions Risks

Investor coalition Asia Transition Platform evaluated Asian banks on their climate governance, risk management and policiesThe report found significant gaps compared to TCFD recommendations and national decarbonisation commitments Report conclusions are in harmony with RFI Foundation research about the importance of financed emissions risks within Islamic markets, some of which overlap

An analysis of 32 large Asian banks conducted for investor platform Asia Transition Platform has found significant gaps in their disclosures of climate-related risks. These risks were found to be particularly wide in relation to board experience on climate-related financial risks, as well as the banks’ disclosures about their specific financed emissions risks.

The analysis was condu...