Recent hurricanes Helen and Milton pushed insurance programs to the brinkand banks around the world have made limited progress in preparing for the costs of climate change. According to Recent reports from Climate X88% of banks are unprepared for climate-related disruption. Additionally, four of the five least prepared banks are based in the United States.
Lucky Ahmed, CEO of Climate “It is critical that banks incorporate adaptation into their strategic decision-making processes and product development.” We provide services that support resilience. ”
What can you do? First, ask your local bank manager about their disaster plan and how they will provide access to cash and credit during extreme weather events. If they don’t know, ask them to find out and share their details. That would send a message that banks are expected to prepare for the worst impacts of the climate crisis.
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