Climate change disclosure demand 'very high' - Mark Carney

Surge in interest from bank and insurance companies

Demand for climate-related financial disclosure is "very high" and could become mandatory, according to former Bank of England governor Mark Carney.

Speaking at the Personal Investment Management & Financial Advice Association (PIMFA) Virtual Fest today (3 June), Carney said "banks want it, insurance companies want it, the ratings agencies want it". "From a demand side, the demand for this type of disclosure is very high. We're talking about companies with huge balance sheets. If you total up the assets under management it is $130trn," he said speaking in his capacity as UN special envoy for climate action and finance. John Glen: Financial services growth and competition will be fostered post-crisis He made the comments in rela...