Banche e cambiamento climatico: alcune indicazioni dai bilanci delle grandi banche europee

Translated title of the contribution: [Autom. eng. transl.] Banks and climate change: some indications from the balance sheets of the big European banks

erika pasquali, Lorenzo Esposito

Research output: Contribution to journalArticlepeer-review

Abstract

[Autom. eng. transl.] The transition to a green economy is looming as the most important global economic transformation of the next few decades and will require a large flow of funding. For this, it is crucial that the financial system, and in particular the banks, are fully committed to the objectives of the transition. The European Union has put in place a large group of legislative initiatives which have, among other things, the objective of structuring the information concerning the issues of climate change provided by companies to the market and to all stakeholders. In this work, after having covered the European initiatives, we analyze the information, quantitative and qualitative, provided by the top 10 banking groups in the EU, to verify the depth and comparability of the documentation provided. A progressive expansion of this information emerges which are, however, still too heterogeneous, showing the need for clearer indications from the regulators, in the wake of the green asset ratio proposed by the EBA. From a quantitative point of view, there is a gradual repositioning of banks' assets towards green loans, albeit with different trajectories; the direction is therefore the right one, but it is still difficult to say whether the speed of change respects the needs of the transition.
Translated title of the contribution[Autom. eng. transl.] Banks and climate change: some indications from the balance sheets of the big European banks
Original languageItalian
Pages (from-to)83-95
Number of pages13
JournalBANCARIA
Volume2022
Publication statusPublished - 2022
Externally publishedYes

Keywords

  • banche
  • climate change
  • finanza sostenibile
  • sustainable finance

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