ECB says banks need to be 'climate change proof'
Frankfurt (AFP) Nov 2, 2022
The European Central Bank said Wednesday eurozone banks had to be ready to fully manage climate change-related risks by the end of 2024, or they could face enforcement action.
"Although banks have started to do this, there is a long way to go before they are climate change proof," Frank Elderson, a member of the ECB's executive board, wrote in a blog post.
The Frankfurt-based institution