"#India's largest #banks have begun to audit their own and borrowers' #CarbonFootprint as they try to mitigate #FinancialRisks amid growing pressure from regulators and investors to better align their ESG reporting with global norms, a dozen sources told Reuters.
A lack of #ClimateRisk disclosures could dent a bank's appeal for global investors and a delayed transition to greener business models may raise borrowing costs for companies, analysts said."
"One bill — already approved by the [California State] Senate — would force about 5,300 #US corporations earning more than $1 billion and doing business in #California to annually report their global [greenhouse gas] #emissions that contribute to #ClimateChange.
Another bill that won Senate approval would require more than 10,000 companies with revenues exceeding $500 million to detail how climate change poses #FinancialRisks to their [worldwide] #operations."