Climate change is risky business

Reading time: 0 min

Imagine the impact on mortgages if climate change would cause mass flooding. Or what would happen to the value of houses if governments would enforce stricter energy efficiency measures faster than expected. And then imagine the impact situations like these would have on consumers and companies, and ultimately on banks like ING. This is how climate risk also becomes financial risk. That’s why assessing and managing climate risk is important. It’s an area that continues to evolve and will mature as more and more data on the impact of climate becomes available and methodologies are further developed. Now ING has released our first climate risk report. Here are some takeaways.