Banking sectors are working towards controlling rising temperature below 2 degrees Celsius, Still most of the organizations are not producing the firm targets for low carbon financial products that will aid efforts to keep temperatures from rising. Controlling temperature is an extreme requirement now because recent surveys by scientists predict higher frequencies of floods, famines and super storm unless the world keeps temperature rises well below 2 degree Celsius. Also 50% of the banks have hard targets for low carbon products and also most of the banks are failing to ingrain climate strategy into business.

Now a days Investors want to see much wider implementation by banks of climate risk assessment or climate scenario analysis if they are to align their businesses with the Paris agreement, So because of the pressure of investors banks are taking more care of climate.

Source: Bloomberg Technology

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