Ceres – Derivatives and Bank Climate Risk Report
U.S. banks have made strong progress in understanding the climate risk and impact of their lending activity, but huge parts of banks’ businesses are still a black box in terms of climate. This webinar will discuss Ceres’ recent report “Derivatives and Bank Climate Risk” and make the case that derivatives should be (at least) as important for banks to address as investment banking. Given that the derivatives market is $600 trillion in size, accounts for more than 10% of the revenue of the largest banks, and it is highly interconnected to the rest of the financial system, it is a proverbial “elephant in the room” when it comes to banks’ climate strategies. If we want to decarbonize at the speed required by science, derivatives must be part of the solution and not a roadblock to bank climate action.
In this webinar, attendees will:
- – Identify the findings of Ceres’ recent report on the climate risk and impact of banks’ derivative portfolios.
- – Interpret the recommendations Ceres has for banks and how these tie into previous banking reports.
- – Discover how derivatives should fit into banks’ target-setting and carbon accounting calculations.