The Bank of England has written an open letter as a call-to-action to the financial community to intervene on climate change. The letter outlines the likelihood that companies and industries that do not adapt will cease to exist.
The Network for Greening the Financial System (NGFS) was put in place in 2017 to tackle this issue. This first report highlights four actions to ensure transition to a low-carbon economy. The details of these actions can be read here.
