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William: Banks must do more to protect environment


William: Banks must do more to protect environment
© EPA
The Duke of Cambridge has urged banks to invest in nature to help fight global climate change.
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He said investing in reforestation and sustainable agriculture were cost effective ways of tackling the issue.
Banks have come under increasing pressure to step up efforts to help fight climate change.
Just this week, Barclays London headquarters was the target of a protest staged by climate activist group Extinction Rebellion. Members held placards and broke several windows as they called on the bank to stop financing fossil fuel companies.
Addressing central bankers and finance ministers at the spring meetings of the International Monetary Fund (IMF) and World Bank, the duke said the world s natural habitats continue to decline at an alarming rate . ....

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Climate-risk players take a one-level-higher approach


First published on
There’s an adage, meant to motivate perceived underdogs: If someone in power dismisses your concern, start again one level higher.
In the business world, such a roguish attitude is bound to ruffle feathers and make enemies. But it seems to be a go-to strategy in dealing with climate antagonists in Washington.
If it seems like a guerrilla tactic, there’s some truth to that. A group of 145 organizations, which likely haven’t been getting the response they want from the banks they’re targeting, last week wrote to John Kerry, President Joe Biden’s special envoy for climate, seeking his support on a move to cut off Wall Street’s financing of fossil-fuel activities. ....

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Patchy corporate climate disclosure prompts G20 watchdog to act


By Huw Jones
LONDON (Reuters) - G20 companies will face common disclosure requirements on climate change risks under plans by the Financial Stability Board, which coordinates financial rules for the group.
In the latest sign of how policymakers want faster action to replace the patchy progress seen so far, the FSB said on Tuesday that said it will set out in July ways to promote consistent, high-quality climate disclosures.
Investors have long called for globally comparable disclosures to stop so-called greenwashing, where firms exaggerate their responses to climate change or underplay how global warming is likely to affect their business. ....

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