Asian banks ‘falling short’ on decarbonisation efforts – study

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Reuters UK

SHANGHAI (Reuters) – Banks in Asia are “falling short” when it comes to meeting global pledges to tackle climate change and aligning with the decarbonisation aims of their countries, according to a study published on Wednesday. Nearly 200 countries signed a pact in Glasgow last year calling on banks and financial institutions across the world to mobilise more finance to help achieve global climate goals and to seek innovative ways to pay for climate adaptation. But a review of 32 banks throughout East and Southeast Asia showed that none had made any clear commitments or adequate implementation…

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