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Responding to the Bank of England's publication of the Climate Biennial Exploratory Scenario, a UK Finance spokesperson said:
The banking and finance industry has a key role to play in supporting a sustainable future. Together with the government and Bank of England, lenders are supporting the transition to a low-carbon economy, putting climate responsibility and risk management at the core of their businesses. ?Today's announcement from the Bank of England on testing the resilience of the financial system to climate risk is an important step in this process and UK Finance members strongly support the Bank's pioneering role in this area.
The banking and finance industry has a key role to play in supporting a sustainable future. Together with the government and Bank of England, lenders are supporting the transition to a low-carbon economy, putting climate responsibility and risk management at the core of their businesses.
?Today's announcement from the Bank of England on testing the resilience of the financial system to climate risk is an important step in this process and UK Finance members strongly support the Bank's pioneering role in this area.
UK Finance Press Office 020 7416 6750press@ukfinance.org.uk
19.04.24
17.04.24
15.04.24
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