“Europe’s largest banks are not doing enough to address the twin crises of climate change and nature loss” is the top line of a report published by UK NGO ShareAction this week. This message was widely echoed during COP15, the international biodiversity summit that came to a close earlier this week in Montreal, Canada.
While banks in Europe are generally making strides to integrate climate change into their governance processes, they are only just starting to identify risks, opportunities, impacts and dependencies related to biodiversity loss. Very few integrate biodiversity into key risk management processes, finds the report.
