Banks are talking on climate, but not walking

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By Jon Hay
11 Nov 2019

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.

“We’ve seen a lot of implementation and setting up of committees and structures, but on client engagement we are at exactly the same place as we were two years ago,” said Lauren Compere, director of shareholder engagement at Boston Common Asset Management and author of the research.

Banks are ...

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