Anthony C.’s Post

The ECB has grown increasingly active in its efforts to get lenders to treat ESG risks — particularly climate change — as financially material. The Frankfurt-based central bank has conducted climate stress tests and even threatened some lenders with fines for failing to take ESG risks seriously. A 2023 study by the ECB found that almost three-quarters of European banks’ corporate loan books are exposed to nature-related risks. And ECB Executive Board Member Frank Eldersonsaid earlier this year that he and his colleagues “will continue insisting that banks actively manage the risks” associated with dealing with climate change. #eu #esg #esgreport #riskmanagement #operationstrategy #businessstrategy