How Climate Change is Affecting BFIs

It is now a proven fact that climate change is happening across regions. As a result, many sectors are impacted which is now profoundly visible. Also, it is estimated that the impacts will become destructive in the future making climate change one of the major challenges of current time.

With many sectors already affected by climate change, Banking and Financial Institutions (BFIs) are also affected. BFIs play a vital role in meeting climatic commitments mostly in the form of green financing.