💨 Abstract

Indian banks are largely unprepared to integrate climate-related risks into their operations, according to a report by Climate Risk Horizons. Out of 35 assessed banks, only a few have made significant progress in emissions disclosure, climate risk management, and coal divestment. The report emphasizes the need for decisive action from the Reserve Bank of India, government, and industry stakeholders to accelerate the shift towards green finance.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖