ECB says banks need to be 'climate change proof'
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