‘The models are not bloody wrong’: a storm in climate risk
Risk.net’s latest benchmarking exercise shows banks confronting decades-long exposures, while grappling with political headwinds, limited resources and data gaps
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.
Who’d be a climate risk manager in 2026? Risk.net’s inaugural benchmarking exercise suggests the ideal candidate would be a diplomat as well as a modeller, a technologist and a PR expert. In fact, the
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More on Climate risk
Many banks yet to factor climate into credit risk models
More than a third of banks do not quantify climate risk impact on credit portfolios, study finds
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
Climate Risk Benchmarking: explore the data
View interactive charts from Risk.net’s 43-bank study, covering climate governance, physical and transition risks, stress-testing, technology, and regulation
