Financial institutions still struggle with how to manage risks posed by climate change, according to a new report.
A Shell pensioner is threatening to take his own pension fund to the U.K.’s Pensions Ombudsman for maladministration—unless the company can prove it is managing its climate-related risk.
New climate disclosure guidance from The European Bank for Reconstruction and Development, meant to be promoted by G20 countries, will help the largest companies in the world with how they disclose long-term impacts of climate change in their financial results. The guidance is especially sought after by financial services firms. ...