Article ID: 51b0c66378f3a350d5c8ab9cc9c202d31db29f3c14255eb8fe8d37238c07893c
Source ID: regulatory:risk.net
Published At: -
Extraction Method: trafilatura
URL: https://www.risk.net/benchmarking/climate-risk
Body Text
Climate | Benchmarking Climate Most banks run physical climate scenarios beyond 2050 Risk Benchmarking data finds majority rely on geospatial asset mapping, while a third use third-party catastrophe models Big banks love their climate vendors; small banks, not so much Risk Benchmarking: Lenders with blue-chip loan books more likely to favour climate tools, research finds Why better climate data doesn’t always mean better decision-making Risk Benchmarking research finds model and systems integration challenges almost as limiting to effective climate risk management Climate risk managers’ top challenge: a dearth of data Risk Benchmarking: Banks see client engagement and lender data pooling as solutions to climate blind spots – but few expect it to happen soon Explore the data Climate unsettled “Banks are still struggling with the climate risk operating model: talk to 20 banks and you’ll get 20 answers.” Risk.net’s Climate Benchmarking study suggests that may be only a slight exaggeration. While most banks place oversight of climate risk with the CRO, consensus on organisational models largely ends there. Firms are split between centralised climate teams; joint ownership between risk and a dedicated sustainability or ESG function; and those with responsibilities spread across functions. Many banks yet to factor climate into credit risk models Risk Benchmarking: More than a third of banks do not quantify climate risk impact on credit portfolios, study finds CROs shoulder climate risk load, but bigger org picture is murky Risk Benchmarking: Dedicated teams vary wildly in size, while ownership is shared among risk, sustainability and the business Climate Risk Benchmarking: explore the data Risk Benchmarking: View interactive charts from Risk.net’s 43-bank study, covering climate governance, physical and transition risks, stress-testing, technology, and regulation ‘The models are not bloody wrong’: a storm in climate risk Risk Benchmarking: Risk.net’s latest benchmarking exercise shows banks confronting decades-long exposures, while grappling with political headwinds, limited resources and data gaps
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