Banks are talking on climate, but not walking

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Banks are talking on climate, but not walking

Deforestation rainforest borneo malaysia palm oil from PA 230x150
Deforestation due to plant palm oil plantations are pictured from the helicopter, on August 5, 2019 near Sandakan city, State of Sabah, North of Borneo Island, Malaysia. Palm oil plantations are cutting down primary and secondary forests vital as habitat for wildlife including the critically endangered Bornean and Sumatran orangutans. Photo by Emy/ABACAPRESS.COM | Emy/ABACA/ABACA/PA Images

The greening of the banking sector is only skin deep, research published on Monday indicates. Analysis of 58 of the world’s biggest banks shows they are spending more time thinking about climate change, but few have tried to stop financing it, or even talk to clients about how they could improve.

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