Financial Institutions Can Reduce their Climate-driven Uncertainty

Financial institutions face expectations for robust, data-driven action in the short-term but in many cases these can be seen as being in conflict. The faster the risks evolve, and the more uncertainty there is about future economic, social and environmental conditions, accelerated action becomes still more important.

A high-level expert group convened by the United Nations (UN) Secretary-General has produced 10 recommendations to reduce greenwashing in Net Zero commitmentsThe recommendations push ‘non-state actors’ such as financial institutions to take more immediate action on climate change, despite the challenges many will face, particularly when it comes to financed and facilitated emissionsFinancial institutions should recognise the importa...