The road to net zero: Transition risk exploratory impact assessment exercise for Greek Large Corporates 

Despite the considerable progress made so far with regards to the integration of Climate & Environmental (hereinafter referred to as “C&E”) risks into risk management frameworks and business practices, the road towards their effective management remains long with various challenges ahead including their measurement and quantification.

Our C&E Credit Analytics team proudly presents the results of the 1st publicly available exploratory transition risk impact assessment exercise for the Greek Large Corporates and their implications from a credit risk perspective by employing Deloitte’s Global Framework for the quantification and measurement of C&E risks.

Impact assessment results suggest that the credit risk associated with a disorderly transition with delayed but abrupt phasing-in of climate-related policies is expected to be much higher than that of an orderly transition as indicated by the maximum increase in PDs and provide insights with regards to sector dynamics and drivers of impact over the 30 – year time horizon.