How banks can overcome hurdles of climate-related financial risks management

Banks should ensure that climate-related financial risks align with an institution's overall strategy.

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For banks globally, the journey toward sustainability has been influenced by two main factors. First, sustainability is used to gain and maintain a competitive advantage, and second, a unique responsibility borne by banks and other players in the financial services industry focuses on addressing the challenges posed by climate change.

Therefore, for banks, sustainability and business are not mutually exclusive goals but rather complementary towards building an enduring business.

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Note: The results are not exact but very close to the actual.