Retail banks are exposed to many climate-related risks through the diverse range of sectors they finance to generate profit. Despite alarming evidence of climate risks increasingly having a negative effect on companies, many global banks continue to finance carbon-intensive activities

Green finance, the primary way for the financial industry to promote environmental protection and sustainable economic and social development, faces greenwashing. This means that low-cost funds from green financing are used for non-green projects. This article starts with the explanation of the

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