ABSTRACT

Globally, there are critical needs to control climate changes and manage climate risks. Climate finance and green renewable investments have been growing in recent years. Economists have estimated that renewable investments have exceeded USD1 trillion. Looking ahead, renewable investments have been forecast to grow at about USD200 billion per annum. These should help to improve sustainability and environments globally. Climate change risks could seriously undermine the financial performances and the bottom lines of leading banks and companies globally. New climate risk financial disclosure and governance requirements are being introduced by various key governments and stock markets globally. These would compel all the leading banks and companies internationally to improve their corporate governance and financial reporting. Details of these will be discussed in more detail in this chapter together with international examples.