Home Energy conservation Financial company faces climate risk as regulation approaches

Financial company faces climate risk as regulation approaches

By Bao Nguyen and Vartan Shadarevian (Jan.11, 2022, 1:18 p.m. EST) – In a November 2021 address at the headquarters of the Office of the Comptroller of the Currency, Acting Comptroller Michael Hsu said he wanted to “move the conversation to the climate of the offices of scientists, policy makers and regulators to the boards of directors of banks ”, by setting out the questions on climate risks that every board of directors should ask itself.

The remarks are a sign of the Biden administration’s increased attention to climate change, which has made it a top priority across government, and that U.S. financial regulators are now taking action to reflect broad policy priorities. into concrete policies and initiatives.

From their public statements …

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