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Climate riskApril 19

UN launches new centre to help banks tackle nature-related financial risks

Financial institutions might be able to decarbonise their portfolios, but they can’t ‘de-nature’ them
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UN launches new centre to help banks tackle nature-related financial risksImage: Chunyip Wong/Getty Images

A new risk centre which provides tools to help financial institutions analyse nature-related risks has been launched by the UN Environment Programme Finance Initiative. But climate non-profit Reclaim Finance has questioned its ability to bring about “real change”.

The centre will provide UNEP FI members with access to a centralised resource hub for climate and nature risks, as well as addressing other sustainability risks such as pollution and social issues, challenges related to stress-testing, regulation and specific risks related to waste, pollution and resource use. 

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