Climate change, and society's responses to it, present financial risks which impact upon the Bank's objectives. These risks arise through two primary channels: the physical effects of climate change and the impact of changes associated with the transition to a lower-carbon economy.The Bank's...

Environmental hostility is posited to halt firms' development and growth. This leads to the expectations that foreign firms that developed their capabilities in more munificent environments and are able to draw on resources via their global network to compensate for local scarcity would emerge...