emerging
Evolving Climate Change Strategies
Banks are increasingly prioritizing climate-related risks, adopting diverse strategies including exclusion policies, green financing, and customer engagement.
Timeframe
long-term
Categories
Subcategories
Impact areas
Detailed Analysis
The report observes a growing focus on climate change within the banking sector, with banks developing and implementing various strategies to address climate-related risks and opportunities. "Assessing, managing, and ultimately reducing climate-related risks are key priorities for an increasing number of banks." These strategies range from exclusion and divestment policies to actively financing green projects and technologies. The report also highlights the growing importance of customer engagement, suggesting a shift towards collaborative approaches to managing climate change.
Context Signals
Increased availability of climate-related data
Development of regulatory climate stress tests
Growing suite of green products and services
Edge
Banks that effectively integrate climate considerations into their core business strategies could gain a competitive advantage.
The demand for green financial products and services is likely to increase, creating new market opportunities for innovative banks.
