Five major banks and insurers today pledged to consider the carbon impacts of their lending, investments and other services in a bid to get customers to tackle climate change.

Credit Agricole, HSBC, Munich Re, Standard Chartered, and Swiss Re made the promise as they launched The Climate Principles, a set of guidelines designed to shape the finance sector’s response to global warming.

Companies adopting the principles have agreed to evaluate the climate change risks to their business and to develop green products and services for customers, according to the Climate Group, which helped devise the voluntary best practice framework.

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