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October 21, 2019
This GARP Podcast looks at a new report indicating many top banks aren't disclosing climate change risks.
According to a new report from BCS Consulting, more than a third of the world’s top 75 banks have still not declared their support for the Task Force on Climate-related Financial Disclosures (TCFD), an initiative to get companies to disclose clear comparable and consistent information about the risks and opportunities presented by climate change.
In this episode, GARP Risk Institute Co-President Jo Paisley speaks with Hector Fontaine, Sustainable Finance Lead at BCS Consulting about the key findings of the report, what best practices are emerging around climate risk, and how this could conceivably impact future regulation.
For the GARP Risk Institute’s Global Survey on Climate Risk Management for Financial Firms, click here.