Physical and Transition risks.
A collection of articles on climate risks.
ECB Seeks to Identify Polluters in Push for Green Finance System
The European Union should identify companies that harm the environment so that banks and asset managers can better handle the risks stemming from climate change,
Banks told by EU to take Climate Change into account in lending – Bloomberg
European authorities have told banks for the first time to take account of environmental risks in lending decisions, ramping up pressure on the financial industry
The Other Fossils in the Boardroom – Bloomberg
The world’s largest banks have issued billions in loans to sustainable businesses and taken some steps to restrict funding for some of world’s worst polluters.
BlackRock’s Green Dreams Got Complicated Fast – Bloomberg
Laurence Fink started off 2020 by dropping a big, green bombshell. In his annual letter to corporate executives, the BlackRock Inc. chief executive officer wrote
Addressing Climate as a Systemic Risk: A call to action for U.S. financial regulators – CERES
This Ceres report outlines how and why U.S. financial regulators, who are responsible for protecting the stability and competitiveness of the U.S. economy, need to
Equity Investors Must Pay More Attention to Climate Change Physical Risk – IMF
The damage from the 2011 floods in Thailand amounted to around 10 percent of Thailand’s GDP, not even considering all the indirect costs through a
Climate Change Risks Facing Sovereigns to Rise – Fitch
Climate change will adversely affect sovereign ratings, but intrinsic uncertainties make it challenging to robustly quantify the impact, Fitch Ratings says. We expect climate change
New way of looking at climate risk for physical assets – KPMG
With climate change creating new risks and societal needs, financial services organisations must ensure their services are adapting to the shifting landscape. At the time
Banking imperatives for managing climate risk – McKinsey
More than regulatory pressure is driving banks to manage climate risk. Financing a green agenda is also a commercial imperative—but specialized skills are needed to
Governance and management of climate-related risks by French banking institutions: some good practices
The Prudential Control and Resolution Authority publishes today a guide to good practices in governance and climate risk management for the banking industry. This publication