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International Business Times
International Business Times
Science
Benoit PELEGRIN

Climate Change Poses Multiple Risks For Banks

Climate activists held a banner reading 'Banks dirty our future. Let's block them' outside the headquarters of French bank Societe Generale in 2019. Protests are one of the risks bank face over their response to climate change (Credit: AFP)

Climate change poses risks to banks on several levels: it can directly impact their finances, tarnish their image and land them in the courtroom.

Non-governmental organisations regularly criticise banks for the glacial speed at which they are moving to take climate change into account.

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