BANKERRM

Climate Changes& Banking

The Equator Principal

https://equator-principles.com/members-reporting/epfi-reporting-database/

Several banks, particularly in Europe, have implemented the EPFI, Equator Principles Financial Institutions, a financial industry benchmark for determining, assessing and managing environmental and social risk in projects.

This is part of social responsibility of the banking industry. The Equator Principles apply to the following financial products:

Project Finance & Project Finance Advisory Services;
Project-Related Corporate Loans;
Bridge Loans;
Project-Related Refinance and Project-Related Acquisition Finance.

Space junk

https://www.nationalgeographic.com/science/article/space-junk

Digital dumpsites, e-waste

https://news.un.org/en/tags/e-waste#:~:text=Around%2050%20million%20tonnes%20of%20electronic%20waste%2C%20or,Eiffel%20Towers%20to%20fill%20the%20whole%20of%20Manhattan.

Prohibition of the dumping of radioactive wastes

https://www.unep.org/cep/radioactive-substances

OECD – Divestment and Stranded Assets in the Low-carbon Transition

https://www.oecd.org/sd-roundtable/papersandpublications/Divestment%20and%20Stranded%20Assets%20in%20the%20Low-carbon%20Economy%2032nd%20OECD%20RTSD.pdf

Stranded assets

Definition by Lloyds Insurance

Stranded assets are defined as assets that have suffered from unanticipated or premature write-downs, devaluation or conversion to liabilities. In recent years, the issue of stranded assets caused by environmental factors, such as climate change and society’s attitudes towards it, has become increasingly high profile.

 Stranded Assets: the transition to a low carbon economy Overview for the insurance industry Emerging Risk Report 2017 Innovation Series-Society and Security

https://assets.lloyds.com/assets/pdf-stranded-assets/1/pdf_stranded-assets.pdf

Mark Carney, the governor of the Bank of England made the following points in his address to the insurance industry on climate change.

If the world is committed to limiting global warming most of the coal, oil and gas reserves in the ground would be left “stranded” and that has a “transition risk”.