With ESG, we sometimes forget that its result is, in addition to environmental and social, also the economic sustainability of companies. The ability to finance their development is directly related to this.
How does this relate to the issue of climate change?
Extreme weather fluctuations, decreasing water availability, mitigation and adaptation measures, rising insurance costs, changes in consumer behavior, demands for technological innovation, ESG regulation and many other factors enter the vocabulary of bankers when assessing risks from the moment you apply for a loan to its final approval.
It's understandable. Banks provide loans with the goal of being repaid. That is also why they assess more and more strictly whether the company is prepared for the consequences of climate change.
At ESG CLUB, we consider it important that responsible companies thrive. That is why we decided to organize another one ESG FOCUS webinar, through which we will bring a global and local view of the banking sector on the subject of risk assessment in the context of climate change. (More on esgklub.sk)