Aren't climate risks ultimately reputational risks?

ESG
Q+
30/11/2022 Article
profile picture of Florian Marsaud

Florian Marsaud

BPCE

Director of Governance and Risk Control

Florian Marsaud is Associate Professor at IAE Paris Sorbonne, Director of Governance and Risk Control at BPCE Group and member of the CRSF. In this article, he examines the link between climate risk and reputation risk.


Is it right for financial institutions to talk about ‘climate risks’? In fact, are they risks as such, i.e. that would have an existence (content, management, remediation) sui generis? 

Are they risks like any other – like credit risks, financial risks or non-financial risks – or do they feed on other risks that exist outside and beyond those already mapped and managed?

It is probably better to talk about risk factors. 

We could say that those working in the second line of defense with regard to climate issues will have fully succeeded in their mission to manage (map, set quotas, monitor, and ultimately control) these risk factors when such factors are fully integrated and managed through the other banking and/or financial risks.

Want to keep reading?

Become a Qorus member to get access to all our insights

Related news & insights

SME Banking
26/07/2024 Video

Opportunities and challenges for SMEs in post-COVID Asia

Aditya Sharma, Global Head of Small Business Products and Portfolio Clients at Standard Chartered Bank, discusses the trends and challenges...

ESG
24/07/2024 Video

Standard Bank's innovative Looksee platform to empower homeowners

Marc Du Plessis, the Executive Head of the Looksee Platform at Standard Bank, presents a product that has made a...

ESG
18/07/2024 Interview

The changemakers: La Banque Postale's journey to a mission-led future

Following the announcement of its company purpose in June 2021, the French bank La Banque Postale (LBP) became a mission-led...

Insurance
17/07/2024 Article

How AXA XL uses AI to protect what matters

Insurers are increasingly using AI and data to transform the way they operate. Laura Barkatz, Global Lead, Data Strategy, and...

Digital Reinvention
16/07/2024 Article

Voting opens for 2024 Qorus-Infosys Finacle Banking Innovation Awards

More than 390 innovations were submitted by 177 financial institutions from 57 countries for this year’s Qorus-Infosys Finacle Banking Innovation...

Digital Reinvention
15/07/2024 Article

Financial Innovation Spotlight – July 2024 edition

This global innovation journey begins in Singapore, where OCBC Securities offers AI-driven personalized stock recommendations. Then we head to the...

ESG
14/07/2024 News

NatWest puts accessibility at the heart of digital banking

NatWest Group is prioritizing accessibility in its digital services to ensure all customers, including those with disabilities, can easily navigate...

ESG
14/07/2024 News

Chase enhances accessibility in digital banking

James Green, Head of Digital Accessibility at Chase, has been instrumental in advancing the bank's efforts to make its technology...