UNITED NATIONS, July 11 (Xinhua) -- The UN Environment Program has launched a partnership with 11 of the world's leading banks to promote climate transparency in financial markets, UN chief spokesperson Stephane Dujarric told a daily briefing on Tuesday.
The banks include Barclays, National Australia Bank, Royal Bank of Canada, TD Bank Group and UBS.
The banks have committed to developing analytical tools and indicators to strengthen their assessment and disclosure of climate-related risks as well as opportunities, said Dujarric.
The data will be made available to companies, investors, lenders, and insurers with the aim of boosting climate-friendly investments, he added.
Erik Solheim, head of UN Environment Program, noted that climate change poses a real and serious threat to the world economy and at the same time, there are enormous business opportunities in taking climate action.
