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<!--StartFragment--><div style="margin: 0.1pt 0in;" class="">REUTERS JULY 11, 2017
/ 10:28 AM <o:p class=""></o:p></div><div style="margin: 0.1pt 0in;" class="">Banks worth $7 trillion
pledge to calculate costs of climate risks<o:p class=""></o:p></div><div style="margin: 0.1pt 0in;" class=""><a href="https://uk.reuters.com/journalists/chris-arsenault" class="">Chris Arsenault</a> <o:p class=""></o:p></div><div style="margin: 0.1pt 0in;" class=""><br class=""></div><div style="margin: 0.1pt 0in;" class=""><b class="">1<sup class="">st</sup></b><b class=""> </b><b class="">3 Paragraphs</b> <o:p class=""></o:p></div><div style="margin: 0.1pt 0in;" class=""><a href="https://www.twitter.com/intent/tweet?url=http%3A%2F%2Freut.rs%2F2tapehI&text=Banks%20worth%20%247%20trillion%20pledge%20to%20calculate%20costs%20of%20climate%20risks" class=""><span style="mso-bidi-font-size:12.0pt;color:windowtext;text-decoration:none;
text-underline:none" class="">
</span></a><a href="https://www.facebook.com/sharer/sharer.php?u=http%3A%2F%2Freut.rs%2F2tapehI&t=Banks%20worth%20%247%20trillion%20pledge%20to%20calculate%20costs%20of%20climate%20risks" class=""><span style="mso-bidi-font-size:12.0pt;color:windowtext;text-decoration:none;
text-underline:none" class="">
</span></a><o:p class=""></o:p></div><p class="MsoNormal" style="margin-top:.1pt;mso-para-margin-top:.01gd">TORONTO, July 11 (Thomson Reuters Foundation) - Eleven of the
world's biggest banks pledged on Tuesday to find out how much exposure they
have to risks related to climate-change, a move backed by environmentalists who
say better information on the costs of global warming will push lenders to
transition towards green investments.</p><p class="MsoNormal" style="margin-top:.1pt;mso-para-margin-top:.01gd">With more than $7 trillion under management, some of the biggest
names in global finance have signed onto the United Nations-backed disclosure
effort for information on new risks presented by climate change.</p><p class="MsoNormal" style="margin-top:.1pt;mso-para-margin-top:.01gd">Information on banks' climate risks could eventually be reviewed
by regulators as part of their financial disclosures, said Simone Dettling, a
researcher with the U.N. Environment Programme working on the transparency
plan. </p><div style="margin: 0.1pt 0in;" class=""><a href="https://uk.reuters.com/article/un-climatechange-resilience-idUKL8N1K23V2" class="">https://uk.reuters.com/article/un-climatechange-resilience-idUKL8N1K23V2</a><font size="4" class=""><o:p class=""></o:p></font></div>
<!--EndFragment--><div class="">
<div style="color: rgb(0, 0, 0); letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class=""><div style="color: rgb(0, 0, 0); letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class=""><div style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class=""><div style="color: rgb(0, 0, 0); font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px;">*******************************************************************************************<br class="">“ Ecosystem management must avoid two traps: falsely assuming a tame solution and inaction from overwhelming complexity. “<br class=""><br class="">Ruth DeFries, Harini Nagendra. Ecosystem management as a wicked problem. Science 21 Apr 2017 Special Issue: Ecosystem Earth</div><div style="color: rgb(0, 0, 0); font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px;"><br class=""></div><div style="color: rgb(0, 0, 0); font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px;">*********************************************************************************************</div><div style="color: rgb(0, 0, 0); font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px;">Behind complexity, there is always simplicity to be revealed. Inside simplicity, there is always complexity to be discovered.”<br class=""><br class="">Gang Yu</div></div></div></div>
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