Banks will not be forced to reveal climate change risks they face

Critics demand tougher action as Bank of England stops short of call for mandatory reportsThe Bank of England has stopped short of forcing the banking industry to disclose the potential risks they face from climate change, despite growing calls from campaigners for such action.In a warning to finance firms to vastly improve their planning to safeguard against the financial risks posed by global warming, Threadneedle Street asked firms to "consider the relevance" of disclosing their climate-related risks. Continue reading...