BPF response to climate-related financial risk disclosure consultation

Our response to the Basel Committee on Banking Supervision's (BCBS) on proposed new climate related disclosures for banks we expressed concern that the proposed disclosures could incentivise bank lenders to divest their exposures to 'brown' buildings rather than support their borrowers in decarbonising those buildings. We recommended disclosures instead focus on the extent to which borrowers had plans to decarbonise their properties.