July 12th, 2022
Banks are under increasing pressure from investors, activists, and supervisors to develop climate risk management capabilities. They are also more focused than ever on climate risks and opportunities because of forthcoming regulations mandating reporting aligned with the Task Force on Climate-related Financial Disclosures (TCFD).
In this discussion with Mary Obasi, Global Head of Climate Risk at Bank of America, Manifest Climate explores how one of the US’s largest financial institutions approaches the climate risk management challenge. Mary describes the responsibilities of her role and the climate initiatives she leads at Bank of America. We also discuss the different types of climate risks facing the bank and the targets and tools used to address them.
We also consider how the banking industry is pulling together to build its resilience to climate risks through sector-wide initiatives, and how it is engaging with non-financial clients to move them along the path to net-zero emissions.
This discussion will highlight how one of the biggest banks in the world is tackling climate risk and deepen your understanding of how the wider banking sector is approaching the climate change challenge.
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