Climate Change Resolutions in the Banking World

By Oscar McCarthy & Alex Voicu

A featured article of our November 2020 edition of PRMIA's Intelligent Risk quarterly newsletter

2019 was the year in which Climate Change moved from being a topic of fringe interest to one at the heart of many public policy discussions. Within financial services, this now includes increasing use of environmental disclosures in investment and lending decisions, with many firms steering away from ‘brown’ assets in favour of ‘green’ ones. A central bank alliance, the Network for Greening the Financial System (NGFS) was launched, to coordinate global regulatory action. 2020 will see many banks start to assess the impact of climate change on their own businesses, for example via stress tests and capital assessments. 


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About the Intelligent Risk

Intelligent Risk is PRMIA's quarterly publication, bringing all PRMIA members free access to knowledge and information about risk management for financial institutions as well as current information on PRMIA chapters, committees, academic partners, news and events.  Individual articles from each edition are published under our members only Risk Library resources section. PRMIA is sharing select articles from the November 2020 edition with the public. Get more articles like this by joining PRMIA today.

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