ECB sets deadlines for banks to deal with climate risks.
The ECB has set institution-specific deadlines for achieving full alignment with its expectations by the end of 2024.
https://www.bankingsupervision.europa.eu/press/pr/date/2022/html/ssm.pr221102~2f7070c567.en.html
What do you guys make of this, is this going to move to the US as well? Or has it already, are banks expected to divest due to “climate risks”?
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