A new report reveals the potential exposure from physical climate change impacts to just the syndicated loan portfolios of 28 of the largest U.S. banks could approach 10 percent annually. Financing a Net Zero Economy: The Consequences of Physical Climate Risk for Banks provides valuable insights to help the sector realize the systemic implications of physical risk and sets out a practical roadmap to help banks conduct risk assessments and incorporate climate risks into their day-to-day decision-making. Its recommendations were developed out of an illustrative analysis conducted by the sustainability…
Read MoreNew Ceres report explores physical risks of climate change within the banking sector
