Although European banks have taken some steps to integrate climate and environmental risks, they need to accelerate their efforts in this area, as none of them currently meet all supervisory expectations, concludes a European Central Bank (ECB) assessment published on Monday 22 November.
“Only a handful of them mention actively planning to steer their portfolios on a Paris (Agreement) -compatible trajectory”, said ECB Executive Board member Frank Elderson.
The ECB’s analysis of 112...