TOKYO (Reuters) – The Bank of Japan said it would start accepting from Wednesday applications from financial institutions seeking to tap its new loan scheme targeting activities aimed at combating climate change.
Financial institutions will be required to disclose targets and actual results on investment and loans, as well as what steps they are taking to meet proposed disclosure rules set by the Task Force on Climate-Related Financial Disclosures (TCFD), the BOJ said in a statement on Wednesday.
The TFCD is an international body created by the Financial Stability Board (FSB) to develop disclosure rules on climate-related financial risks for companies, banks and investors.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.