How banking became green

clock • 11 min read

In the first of a three-part series, Victoria Pennington explores how environmental issues are affecting the financial services industry and informing banks' credit and market risk assessments

The fallout from the subprime crisis permeated – and travelled across – all risk types. From the seeds of operational risk failures in underwriting processes, problems migrated to credit and market risk...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Risk

Carbon Tracker: Oil and gas firms committed $59bn to high risk new projects in 2025

Carbon Tracker: Oil and gas firms committed $59bn to high risk new projects in 2025

Gathering pace of electrification risks destroying value of wave of new oil and gas projects, think tank warns

Michael Holder
clock 26 October 2026 • 3 min read
'Be Ready': Prime Minister urges public to prepare for worsening climate threats

'Be Ready': Prime Minister urges public to prepare for worsening climate threats

Andy Burnham warns UK could face 'a winter of greater flooding', as he calls for a national conversation on the need to enhanced resilience

James Murray
clock 23 October 2026 • 5 min read
'Silent killer': Study puts European death toll from summer heat waves at 50,000

'Silent killer': Study puts European death toll from summer heat waves at 50,000

New research warns recent death toll is 'substantially higher' than previous records set in 2003 and 2022 with climate change responsible for two thirds of deaths

clock 23 October 2026 • 5 min read