Carney calls for more nuanced approach to green metrics
Binary green-brown distinction is not enough to drive transition to low-carbon industry, BoE chief says
Investors need more nuanced information on climate-related financial risks in the firms to which they are allocating capital, Mark Carney said on September 23.
The Bank of England governor told the United Nations General Assembly that the “providers of capital”, including banks, insurers, asset managers “and those who supervise them” need to improve their “understanding and management” of climate risks. Furthermore, firms should be looking for ways to harness higher returns from a green
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