ESG Viewpoint: climate risk management in the banking sector - BMO Global Asset Management

Discover how the banking sector is managing climate risks.

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... According to a report by the Rainforest Action Network, the world’s 60 largest banks have provided $3.8tn to fossil fuel companies since 2016, when the Paris agreement came into effect. Banks are under increasing regulatory and commercial pressure to protect their balance sheets from the impacts of climate change, and to contribute to the achievement of net-zero greenhouse gas emissions by 2050 or earlier.

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