As regulatory pressure mounts, it is imperative that banks have a clear plan to address climate risks, and to finance a green agenda. Join our experts as they discuss how banks can implement a successful climate risk management strategy.
Global banks must reflect climate considerations within their overall risk framework and capital allocation processes. The need to build stress-testing and scenario analysis capabilities to be able to respond to new sustainability initiatives, such as the Task Force on Climate-related Financial Disclosures, requires serious attention. It is an era when banks around the globe must search for new and future-proof talent, data and technology and create a comprehensive climate-risk governance framework.
The European Union’s Green Deal provides an important role for banks, which emphasises the importance of a harmonized approach toward risk regulations and ESG data.
Meanwhile, COVID-19 pandemic has also pushed the European economy into a recovery phase where a green transition is of utmost importance.