Sustainable Finance Risk Management
26 June 2020
Sustainable Finance Risk Management within the Financial services sector
Because of its special role in the economy, the financial sector has become increasingly central to measures to implement and achieve the climate targets set out in the Paris Agreement and the 17 UN Sustainable Development Goals (SDGs). Key central banks and financial regulators around the world are also developing concepts for the financial sector in the newly founded Network of Central Banks and Supervisors for Greening the Financial System (NGFS).
Apparently, only those institutions that decide early on to implement ESG criteria in their organisations with the corresponding mapping in risk management will be sustainable and can grow in the future. Only in this way will they continue to be perceived as credible market participants. On the other hand, the objectives for best-practice in green risk management will still change significantly and this is associated with considerable implementation risks.
For more information please download our brochure on Sustainable Finance Risk Management