Climate change poses a serious and growing threat to the entire world. In the necessary transition to a more sustainable economy, banks can play an important role. This is why sustainability – and climate in particular – is an important theme for ING.
On Thursday 9 June, we hosted a roundtable in our head office in Utrecht titled ’Integrating ESG risks into a bank’s credit risk framework’. The roundtable was attended by credit and climate risk managers, as well as model validators, working for Dutch banks of different sizes. In this article we briefly describe Zanders’ view on this topic and share the key insights of the roundtable.
On Friday 8 July, the European Central Bank (ECB) published the results of the climate risk stress test that was performed in the first half of this year. In total 104 banks participated in the stress test that was intended as a learning exercise, for the ECB and the participating banks alike. In this article we provide a brief overview of the main results.