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

Mobility
05/02/2025 Article

EV battery data is the super fuel that will power winners in the electromobility arena

Finance and insurance providers that gain access to accurate ongoing information about the condition and performance of EV batteries, a...

Digital Reinvention
30/01/2025 Article

Financial Innovation Spotlight – January 2025 edition

In this month’s Financial Innovation Spotlight, we zoom in on five exciting new projects by Atom, Revolut, Crédit Agricole's Khome,...

Digital Reinvention
29/01/2025 Study

The AI imperative: Navigating data and AI for ESG success

In a world where Artificial Intelligence and Machine Learning (AI/ML) are redefining industries, our report delves into the transformative potential...

Mobility
28/01/2025 News

CA Personal Finance & Mobility strengthens partnership with GAC Group to boost electric vehicle leasing in China

Crédit Agricole Personal Finance & Mobility has finalized a significant milestone by acquiring a 50% stake in GAC Finance Leasing...

ESG
28/01/2025 News

La Banque Postale launches LBPAM Private Opportunities fund for individual investors

La Banque Postale has introduced a new investment solution, LBPAM Private Opportunities, aimed at making private equity, private debt, and...

ESG
28/01/2025 News

Emirates NBD promotes sustainability and circular economy practices

Emirates NBD, a leading banking group in the MENAT region, has announced its partnership with Rebound, a global leader in...

Insurance
27/01/2025 Interview

Empower and listen: The keys to the claims proposition

Julijana Sumner, AXA XL’s Chief Claims Officer for APAC & Europe, was recently named one of Business Insurance’s EMEA Women...

26/01/2025 News

Ferrari and UniCredit announce landmark partnership focused on innovation

The partnership aims to provide unique opportunities for both Scuderia Ferrari HP fans and UniCredit customers, delivering exclusive events and...