Pollution, Climate Change and Stranded Assets Risks for Banks

Climate change has emerged as one of the most pressing challenges of our time. It refers to long-term shifts in weather patterns, including rising temperatures, increased frequency of extreme weather events, and changes in precipitation patterns, primarily caused by human activities. As the implications of climate change extend beyond environmental concerns, it becomes crucial to understand the economic dimensions of this global issue.
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Climate change poses significant challenges and opportunities for the banking industry.
The physical risks, transition risks, and regulatory requirements associated with climate change require banks to enhance their risk management practices, develop sustainable financing strategies, and disclose climate-related risks. By embracing sustainable finance, integrating ESG factors, and providing climate-related advisory services, banks can not only navigate the risks but also seize the opportunities presented by the transition to a low-carbon economy, contributing to both financial stability and global sustainability efforts.