Physical risk

The latest developments in sustainable finance: NGFS underestimated role of physical risks, says Mauderer; NYC’s Lander writes to Tesla board on Elon Musk controversies.

Climate change is already affecting economic activity in both emerging and advanced economies, say the banks.

The move follows its acquisition of physical risk data provider The Climate Service.

The EU supervisor has flagged the reliance of European banks on income from carbon-intensive sectors.