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BOJ says to start accepting bank applications for climate scheme By Reuters

by Mike Robinson

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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.

The BOJ released a statement on Wednesday stating that financial institutions would be required to report on their targets, actual results on investments and loans as well as the steps taken to comply with the Task Force on Climate-Related Financial Disclosures.

The Financial Stability Board (FSB), an international organization, created the TFCD to create disclosure rules for climate-related financial risk.

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