Skip to main content

2024 | OriginalPaper | Buchkapitel

4. Integrating Climate Risk into Commercial Banks Operations

verfasst von : Elisabetta Gualandri, Paola Bongini, Maurizio Pierigè, Marina Di Janni

Erschienen in: Climate Risk and Financial Intermediaries

Verlag: Springer Nature Switzerland

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config
loading …

Abstract

This chapter deals with climate risks, their impact on commercial bank operations, and the potential products and mechanisms by which these actors can mitigate them. After an initial section on how climate risks are incorporated into classical banking processes, the focus shifts to the following areas related to the “commercial banking” business: Credit process, Finance and Treasury, Wealth and Asset management.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Fußnoten
2
Return Period is a measure typically used in Risk Analysis and it is the probability of at least one event occurring above the designated probability threshold. Conceptually, the Return Period is the average time that passes between two events of a certain intensity.
 
3
“Final study on the development of tools and mechanisms for the integration of ESG factors into the EU banking prudential framework and into banks’ business strategies and investment policies”, European Commission, 27 August 2021 (EC 2021). Pag 86, “For instance, banks have stopped providing certain products (e.g. derivatives related to coal-based trading, physical inventory management transactions in coal and crude oil) or prioritized other types of assets (e.g. mortgage and Buy-To-Let transactions to properties with high-energy efficiency ratings) as part of their strategy. This strategic choice has indirectly resulted in a risk mitigation strategy.”
 
5
PACTA (Paris Agreement Capital Transition Assessment), developed by the 2 Degrees Investing Initiative, which assesses alignment with climate objectives. This tool combines information on exposures to companies held in the portfolio, at the individual exposure level, within a database containing production plans and technologies used by these companies, comparing them with scenarios developed by the International Energy Agency to evaluate alignment with the goals of the Paris Agreement by each intermediary.
 
6
The new regulations in force since mid-2023 within the framework of the Fundamental Review of the Trading Book (FRTB) include a stricter separation of positions between the trading and banking book, the introduction of a new standardized approach for market price risks as well as revised regulations on the use of internal models.
 
Literatur
Zurück zum Zitat Bolton, P., & Kacperczyk, M. (2020) Do investors care about carbon risk? NBER Working Paper series Working Paper 26968. http://www.nber.org/papers/w26968. NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2020. Bolton, P., & Kacperczyk, M. (2020) Do investors care about carbon risk? NBER Working Paper series Working Paper 26968. http://​www.​nber.​org/​papers/​w26968. NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2020.
Zurück zum Zitat Brühl, V. (2023). The Green Asset Ratio (GAR): A new key performance indicator for credit institutions. Eurasian Economic Review, 13(1), 57–83. Brühl, V. (2023). The Green Asset Ratio (GAR): A new key performance indicator for credit institutions. Eurasian Economic Review, 13(1), 57–83.
Zurück zum Zitat Frye, J. (2013). Loss given default as a function of the default rate (pp. 1–15). Federal Reserve Bank of Chicago. Frye, J. (2013). Loss given default as a function of the default rate (pp. 1–15). Federal Reserve Bank of Chicago.
Zurück zum Zitat Ilhan, E., Sautner, Z., & Vilkov, G. (2021). Carbon tail risk. The Review of Financial Studies, 34(3), 777–799. Ilhan, E., Sautner, Z., & Vilkov, G. (2021). Carbon tail risk. The Review of Financial Studies, 34(3), 777–799.
Zurück zum Zitat Merton, R. C. (1974). On the pricing of corporate debt: The risk structure of interest rates. The Journal of Finance, 29(2), 449–470. Merton, R. C. (1974). On the pricing of corporate debt: The risk structure of interest rates. The Journal of Finance, 29(2), 449–470.
Metadaten
Titel
Integrating Climate Risk into Commercial Banks Operations
verfasst von
Elisabetta Gualandri
Paola Bongini
Maurizio Pierigè
Marina Di Janni
Copyright-Jahr
2024
DOI
https://doi.org/10.1007/978-3-031-54872-7_4