ENVIRONMENTAL HAZARDS AND RISK MANAGEMENT IN THE FINANCIAL SECTOR: A SYSTEMATIC LITERATURE REVIEW

被引:40
|
作者
Breitenstein, Miriam [1 ]
Nguyen, Duc Khuong [2 ,3 ]
Walther, Thomas [1 ,4 ]
机构
[1] Tech Univ Dresden, Dresden, Germany
[2] Vietnam Natl Univ, IPAG Business Sch, Hanoi, Vietnam
[3] Vietnam Natl Univ, Int Sch, Hanoi, Vietnam
[4] Univ Utrecht, Utrecht, Netherlands
关键词
Banking; Climate; Environment; Financial Institutions; Risk Management; CLIMATE-CHANGE; CARBON RISK; COST; RESPONSIBILITY; PERFORMANCE; INSURANCE; AWARENESS; INDUSTRY; IMPACT; ESG;
D O I
10.1111/joes.12411
中图分类号
F [经济];
学科分类号
02 ;
摘要
We conduct a systematic literature review on environmental and climate-related risk management in the financial sector. We classify the current literature into three categories: (i) the impact of environmental concerns on financial risk; (ii) the current state of environmental risk practices in the financial sector; and (iii) measures to assess the financial exposure to environmental risks. We find that financial institutions can reduce their risk exposure by highly committing with environmental responsibility and performance. Moreover, the increase in willingness to assess climate-related financial risk incentivizes corporate managers to adopt more proactive environmental policies and practices.
引用
收藏
页码:512 / 538
页数:27
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