Sustainability and Climate risk – Expectations for the banking sector
It is our pleasure to invite you on May 27, 2021, between 16:30 p.m - 18:00 p.m., for a webinar on regulatory changes applicable to banks related to sustainability and climate risk.
After a brief pause due to COVID-19, the EU regulatory agenda has been reinvigorated, heavily influenced by the sustainability initiatives that arose after the Paris Agreement. The European Central Bank published a guide for institutions on how to consider environmental and climate-related risks in their business strategy, governance, and risk management frameworks that is already used in the supervisory exercises performed in 2021.
Also, the European Banking Authority published requirements related to the incorporation of environmental, social, and corporate governance (ESG) factors into banks’ loan origination processes.
Thus, banks can expect a climate-driven redefinition of the prudential supervision framework and, as a result, the management of climate risk should become a top priority for banks.
The topics covered during our webinar include:
- Overview of the main regulatory requirements and expectations on climate risk;
- Climate and environmental risk management best practices;
- Sustainable Finance Disclosure Regulation (SFDR) requirements and implications;
- Conducting stress testing of climate risks;
- Business implications.