Regulators are ramping up the pressure for banks to report on sustainability. In June, the Bank of England will test the financial system’s resilience to various climate scenarios while the European Central Bank has told eurozone banks to improve their understanding of climate-related risks.
Last week Bloomberg reported on how European banks analyse data and report on climate risks, with each bank using its own metrics of measure, and some disclosing data for only half a year – the lack of consistency should make investors wary of banks that appear at first glance to have limited exposure to climate risks.
There are plenty of issues that remain for banks reporting sustainability issues. If you are looking to expand your risk function or would like support on specific risk projects, the Danos Group can support you by identifying the best risk talent in the market.
For a confidential discussion please contact:
Peter Umesi | Associate Partner, Head of European Risk (permanent hiring)
Tel: +44 (0) 20 7010 1155 | Email: firstname.lastname@example.org
Katherine Lord | Partner, Head of Danos Consulting (interim & consulting hiring)
Tel: + 44 (0) 207 010 1153 | Email: email@example.com
Full Bloomberg Article: HSBC, Barclays, Credit Suisse: How Climate Focused Are European Banks? (bloomberg.com)