Article preview: A committee of MPs has criticised the Bank of England for financing carbon-intensive businesses, without imposing environmental conditions on the investments. The Environmental Audit Committee of MPs has written to Bank of England governor Andrew Bailey, asking him to make sure that any businesses receiving finance from the Bank disclose their climate-related activities. The demand from the MPs comes amidst growing pressure on the financial sector to support environmental, social and corporate governance factors.
The Bank of England needs to stop financing climate change
This 377-word blog post looks at demands from the Environmental Audit Committee of MPs to the Bank of England saying it should stop financing businesses with a significant impact on the climate or environment. Written on 25th January 2021.
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