CROs shoulder climate risk load, but bigger org picture is murky
Dedicated teams vary wildly in size, while ownership is shared among risk, sustainability and the business
This article is part of a series benchmarking bank climate risk practices. Risk Management subscribers can view selected cuts of the underlying data here. Sign up for Risk Benchmarking emails here.
Everyone owns climate risk – which often means no-one does. In some cases, literally so.
In Risk.net’s inaugural Climate Risk Benchmarking exercise, median size of central climate risk teams is four full
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