The economic transformation that climate change is forcing on the economy will “reshape the balance sheets of the Australian banks” and “some will fare better than others”, former National Australia Bank chairman Ken Henry says.
Dr Henry issued the warning in a report that found ANZ was the worst of the major banks on climate-related lending policies and disclosures.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
