Lagarde’s ECB won’t let investors delay addressing climate risk

Lagarde: Giving the ECB a bigger role in fighting global warming. Not Rated Text Size: A A A Abu Samra border open, quiet World leaders condemn ‘assault on democracy’ Bloomberg/Frankfurt The European Central Bank has a warning for investors: Deal with the financial risks from climate change soon or we’ll do it for you. Under President Christine Lagarde, who started the job a year ago pledging to give the institution a bigger role in fighting global warming, the ECB is re-evaluating how dispassionate it should be in the marketplace. That could result in a relatively mild shift such as urging companies to better disclose the risks they face, and ratings agencies to take them into account. But it could also mean the radical step of actively judging who should benefit from the massive bond-buying programmes the ECB deploys to boost the economy. Either way, on Monday Lagarde gave her bluntest warning yet that she’s not happy with the status quo, saying that “climate risks are not adequately priced.”

Lagarde’s ECB won’t let investors delay addressing climate risk

One Comment Add yours

  1. Carol Troy says:

    Hope Legarde holds their feet to the fire.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s