The major rating agencies have started to include sustainability aspects, including climate change risk into their credit assessments. Going forward, we rather need to develop commonly recognised methodologies to assess climate change risk. This includes standardised data, definitions, and weighting of risk factors. Central banks also need to tackle climate-related challenges in their own areas of responsibility.
State Bank of Pakistan “Improvements in Pakistan’s Economy and Opportunities for Investment” Governor’s Address for Bloomberg Economic Forum November 23, 2016; Karachi Distinguished guests, Ladies and gentlemen, Assalam-o-alaikum! I would like to begin by thanking Bloomberg for organising this discussion, and for inviting me to speak on the improvements in Pakistan’s economy and the opportunities for investment these improvements have opened up.