Banks holding shares on behalf of clients are still responsible for human rights due diligence at the companies whose shares they hold, according to the UN.

On Monday, in a first-of-its-kind exercise, the European Central Bank (ECB) released a report in which it evaluated the progress of climate-related and environmental risk management amongst the banks it supervises.

Australian bank leaders could see their pay linked in part to achieving climate goals as investors continue to increase the pressure on companies over environmental issues.

Democrat senate banking chair Sherrod Brown has gained a rare level of bipartisan support for a bill designed to bring heavier regulation to the US banking sector.