China's central bank to begin quarterly assessments of 24 major banks on their green finance performance under a new evaluation system.
G7 leaders are not short of advice, nor lessons from local history.
Central banks warn: 13% of global GDP would be at risk by end of century, even before accounting for severe weather events.
Exercise aims to support more robust management of climate-related financial risks across the sector, says governor.
Transition paths from brown to green assets are largely dependent on public policy, with finance sector playing supporting roles.
Asset owners and managers encouraged to turn up the heat as banks prove slow to withdraw from historic relationships.
Oil and gas majors may be on the back foot this week, but they’re far from alone in needing to do more.
Transition frameworks need to account for nuances in strategies, asset managers say.
New guidelines incorporate 2018 changes to Corporate Governance Code, including greater stakeholder focus.
Coal policies of UK institutions, PPCA members criticised by Reclaim Finance.
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