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December 12, 2022

Less than eight per cent of UK banks reports on TCFD, study shows

At present, only nine UK banks report on climate risks in line with the recommendations set out by the Task Force on Climate-related Financial Disclosures.

Just nine out of 130 banks headquartered in the UK report their climate-related risks and opportunities conforming to the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, according to research by consultancy firm Accenture. These include the five largest banks in the country, while smaller financial firms are lagging behind.

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