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,
Category: Banking
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.
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
Time for mandatory TCFD reporting, says Mark Carney
The pandemic has opened up an opportunity for companies to create climate transition strategies and for investors to manage climate-related investments, Mark Carney has said.
Understanding physical climate risks and opportunities – Institutional Investors Group on Climate Change (IIGCC) report
This guidance provides a comprehensive entrancepoint for investors who want to make a start onassessing, managing and reporting on physicalclimate risks in their portfolios. Click
Euro area banks’ sensitivity to corporate decarbonisation
Published as part of Financial Stability Review, May 2020. The differences in findings between the sectoral and firm-level approach to considering the carbon sensitivity of non-financial
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