Banks try to quantify the new fourth C in credit assessment: climate

When the world shut down for Covid in 2020, global carbon dioxide emissions declined by 6.4%. To achieve the Paris Agreement, the world needs them to go down by around 7.6% a year, without lockdowns.

This is something the banking industry is keenly aware of.

In March, Michael J Hsu, acting US comptroller of the currency, delivered a speech to the Institute of International Bankers in Washington DC at which he laid out some basics.