Measures for sustainability and against climate change are more topical than ever, not only in politics and society. Also banks are taking on a special role in the financial markets, especially as lenders to companies, and are trying to present themselves as sustainable. Loans are to be granted to companies that leave no or a small carbon footprint, and investment offers are aimed at sustainable investments. It is also important for employees to work in a company that contributes its part to an ecologically, socially and sustainably oriented world.
Since 2019, a number of legislative initiatives based on the EU Action Plan have been launched, imposing new regulatory requirements on financial market participants in the area of financing. In particular, regulators have focused on risk management and lending. Climate and environmental risks, as well as the resulting transition risks, will have to be integrated in the lending process and in the existing management or monitoring of exposures of the different risk types in the future.
The timeline below provides an initial overview. If you have any questions or would like to exchange ideas, please do not hesitate to contact our experts.
