We need a thriving economy that does not damage the environment. That is not the case now. Take climate change and the loss of biodiversity. That is why we need to take action and make changes. If we want to be successful, we need to work together on a worldwide scale and see how we can meet the costs. The financial sector plays a major role, as do central banks and governments. At De Nederlandsche Bank (DNB) sustainability is high on the agenda. We advise the government and include sustainability in our supervision, our investments and our business operations. And we bring parties together to come up with solutions. Time is running out, because the longer we wait, the greater the uncertainty and the likelihood of economic shocks.
In the financial sector, more attention should be paid to climate risks in meetings with customers. In the case of corporate clients, this mainly concerns the potential impact of climate risks on their business operations, and in the case of mortgage owners, for example, the sustainability of...
The financial sector is exposed to risks as a result of biodiversity loss. This emerged from a joint study by De Nederlandsche Bank (DNB) and PBL Netherlands Environmental Assessment Agency. The new study builds on the report Values at risk?, published last year...
The coronavirus (COVID-19) crisis threatens to delay the implementation of climate policies worldwide. The negative consequences of climate change warrant undiminished attention, however. Although the coronavirus crisis temporarily depresses global carbon emissions, a structural reduction in...
