Increasingly we hear more and more about the need to consider the risks and associated costs of climate change in our economy. Many industries are being proactive in looking how they are able to mitigate those risks and disclose this to investors and consumers. Banks – while there are some exceptions and good examples to follow – are lagging other sectors by not integrating climate change risk into their long-term strategic planning, or demonstrating they understand the implications of this game-changing phenomenon for their business operations.
