37 Central Banks Recognise Climate Catastrophe
‘The catastrophic effects of climate change are already visible around the world’ – Open Letter from Bank of England and Banque de France.
As with the LSA member law firms, Head of the Bank of England, Mark Carney is encouraging 37 central banks to integrate sustainability into their own portfolio management, collaborate and share knowledge with other stakeholders on management of climate-related issues.
‘Fail to Ajust, Fail to Exist’
Frank Elderson chairs the Network for Greening the Financial System which aims to address the financial risks that climate change is developing and aligning these global financial Goliaths with todays’ very vocal concerns.
“The Network’s purpose is to help strengthening the global response required to meet the goals of the Paris Agreement and to enhance the role of the financial system to manage risks and to mobilize capital for green and low-carbon investments in the broader context of environmentally sustainable development.”