In risk management, we are seeking to protect our clients’, and our own, assets from climate change risks, within our sphere of influence.
Recognizing that the transition to a low-carbon economy will take time and that fossil fuels will continue to dominate energy production for decades to come, we are determined to understand the risks that our clients’, and our own, assets are exposed to in the context of uncertain policy and technology developments addressing climate change.
This year, we focus on participating in an industry-wide initiative to develop accounting metrics for CO2 emissions associated with lending and investments.
We apply a robust framework to manage environmental and social risk in our businesses. Our standards address risks associated with climate change, e.g. deforestation and biodiversity loss.
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