This report validated our approach, illustrated by the process applied to our China Decarbonization 2060 thematic. Our approach is dictated by the costs before to selected the right investable assets.
The European Central Bank has identified “a major source of systemic risk” in the preliminary results of its economic stress test to gauge the impact of climate change on 4m companies and 2,000 banks over 30 years.
His warning came shortly after another senior executive said the ECB was prepared to raise the amount of capital required at any banks considered to have particularly high levels of climate risks in their balance sheets as early as this year.
Interesting in this context, if you add the low rate environment, to consider the over-attraction in European Banks by investors, yesterday…
The central bank found the biggest polluters and companies based in regions most exposed to physical risks from climate change, “could be exposed to up to four times as much climate risk as the average firm over the next 30 years”.