Key Regulatory Initiatives in EU Sustainable Banking : : Exploring Sustainability Risk Management in the EU Banking Industry.
"With temperature exhibiting a growing trend and posing threats to future generations, the Paris Agreement set a cap level of no more than 2°C for the temperature increase, emphasizing the need for cross-national participation to combat climate change. At the European level, the European Commis...
Saved in:
Superior document: | Brill Research Perspectives in International Law Series ; v.5 |
---|---|
: | |
Place / Publishing House: | Boston : : BRILL,, 2023. ©2023. |
Year of Publication: | 2023 |
Edition: | 1st ed. |
Language: | English |
Series: | Brill Research Perspectives in International Law Series
|
Physical Description: | 1 online resource (68 pages) |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
Summary: | "With temperature exhibiting a growing trend and posing threats to future generations, the Paris Agreement set a cap level of no more than 2°C for the temperature increase, emphasizing the need for cross-national participation to combat climate change. At the European level, the European Commission pledged to make Europe achieve carbon neutrality by mid-century. However, to deliver on its commitment, extensive financial support and engagement from both private and public-sector players were acknowledged as requisites. Therefore, through their funding mechanism, banks assumed a leading role in financing the transition to a green economy. However, a new challenge of systemic nature - i.e. ESG risks - emerged, gaining regulatory attention and subsequently triggering numerous regulatory reforms. Therefore, this study explores the current European regulatory environment addressing sustainability, aiming to identify whether such regulatory frameworks can be considered a strategic opportunity, or contrastingly, a strategic burden for credit institutions"-- |
---|---|
ISBN: | 9004543198 |
Hierarchical level: | Monograph |