Q4. Flashcards
What have the BoE stated financial firms must do?
Financial Firms are required to hire someone who will be tasked with the responsibility of identifying and finding solutions that the bank can action in order to reduce thier contribution to climate change.
What have FSB and TCFD said with regarding to issuing ethical loans?
They advise financial firms to consider lending risks associated with consumer loans of diesel automotive vehicles, loans granted to landlords to mortgages don’t adhere to energy efficiency standards. Also rejecting potential borrowers including existing large customers such as oil companies and coal miners.
What does TFCS advise people who prepare financial disclosures?
It is important to release information about the impact of climate change to the public thus better-preparing investors for the impact of climate change.
