Bank of England calls on banks and insurers to step up climate risk oversight

James Murray
clock • 5 min read

Prudential Regulation Authority recommends that boards task a senior executive with managing climate risks

The Bank of England (BoE) will today step up calls for financial institutions to better manage climate risks, with the release of formal recommendations detailing how banks and insurers should identify...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

James Murray
Author spotlight

James Murray

View profile
More from James Murray

'One of the biggest cons': Study accuses plug-in hybrids of failing to deliver promised emissions savings

Market failures - loads of them

More on Investment

UNEP: Annual global investment in forests needs to triple to $300bn by 2030
Investment

UNEP: Annual global investment in forests needs to triple to $300bn by 2030

Tropical forests provide huge range of vital services on which humanity depends, yet conservation funding shortfalls are set to reach over $200bn a year by the end of the decade

Michael Holder
Michael Holder
clock 15 October 2025 • 4 min read
Lidl GB to plough £30bn into British food and farming over next five years
Investment

Lidl GB to plough £30bn into British food and farming over next five years

Discounter doubles food and farming funding pledge in bid to enhance climate resilience and promote more sustainable farming practices

Stuart Stone
Stuart Stone
clock 15 October 2025 • 2 min read
Over half of National Wealth Fund investment allocated to clean energy projects
Investment

Over half of National Wealth Fund investment allocated to clean energy projects

NWF's annual impact report confirms that for every £1m invested, fund is helping to avoid 6,900 tonnes of CO2 equivalent

Stuart Stone
Stuart Stone
clock 14 October 2025 • 3 min read