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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

Tim Ryan PwC

  • 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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    Source:: BusinessInsider.Com