Mark Carney says banks should link executive pay to Paris climate goals

Ex-Bank of England boss tells UN summit that boardroom pay link can help meet climate targets faster

Former Bank of England governor Mark Carney has said banks should link executive pay to climate risk management, as part of efforts to align the finance industry with Paris climate goals.

Speaking at the UN Environment Programme Finance Initiative roundtable on Tuesday, the former central bank boss said lenders should - at the very least - be transparent over whether or not pay is being tied to climate targets.