European banks spent almost a decade claiming they’re part of the fight against climate change. Now, investors and regulators want them to prove it. For the first time, many banks are publishing relevant data this year on criteria such as lending to fossil fuel industries, as Europe’s central banks scrutinize their loan books and threaten higher capital requirements for those with excessive climate risks. Bloomberg News analyzed annual reports and similar filings from a selection of Europe’s major banks. While they’re giving hard numbers on the money loaned to companies that will be challenged as the world tries to reduce CO 2 output and avoid climate disaster, the disclosures provide a limited view into only a portion of their business. For example, there is no one set of disclosure standards that banks are obliged to follow and they differ on how to measure key information and what they should […]