A top industry consultant reveals the 2 key reasons why he thinks US banks are beginning to raise their voices on climate change and sustainability issues
General World News
PwC’s US head Tim Ryan said at Davos that he expects American companies to increasingly take climate change as a serious threat over the next year.
He said that US banks are leading the way in terms of building momentum.
Ryan attributed this to the banks being excellent assessors of risk, as well as being in a position where they can comfortably invest in sustainability initiatives, relative to global competitors.
PwC has signed on to the World Economic Forum’s plan for adopting industry-spanning sustainability metrics, a plan that is coordinated by Bank of America CEO Brian Moynihan.
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