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PBOC to Make Climate Disclosures Mandatory: Governor Yi

CHINA PRESS
MNI (Singapore)

The PBOC aims to require mandatory disclosures of climate-rated information, forcing major domestic commercial banks and listed companies to disclose carbon information and activities, said PBOC Governor Yi Gang at a conference hosted by the Bank for International Settlements, the 21st Century Business Herald reported. China has begun to conduct climate stress tests on the financial system to identify institutions most vulnerable to climate change, said Yi. The PBOC is trying to evaluate the green and brown assets of commercial banks, and will set the deadline for the green transformation of banks, said Yi.

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