
Banks are vulnerable to damage from climate change, which could particularly affect their balance sheets and asset holdings. Banks in southern Europe are more vulnerable than average: they face increased physical risks for more than 60 per cent of their corporate loans. Transition risks mainly involve loans to carbon-intensive sectors, which are included in the portfolios of a limited number of banks.
Register or log in to continue reading. Investment Officer is an independent journalism platform for professionals working in the Luxembourg investment industry.
A subscription is free for professionals working at banks and independent asset managers.