Banks Can Win by Leading the Low-Carbon Transition. Here’s How
The global transition to a low-carbon economy is not just about managing risk – it’s a massive commercial opportunity for banks.
The global transition to a low-carbon economy is not just about managing risk – it’s a massive commercial opportunity for banks.
More than 60 percent of U.S. credit unions could face physical risks from the effects of climate change, according to a new report from Ceres and the Filene Research Institute.
Climate change is likely to pose a significant threat to financial institutions over the next 30 years, researchers say, but some banks and credit unions also see it as a business opportunity.
The accelerating pace of progress in fighting climate change will likely mean increased scrutiny and supervision, from both investors and regulators, of the banking sector – which our findings show is far more exposed to climate risk than banks are disclosing.