Sector · Sustainability

New ABBL framework guides banks on CRE risks

Wildfire. Photo via Unsplash.

Understanding risks related to the climate and environment, also known as CRE risks, and managing them will be a key challenge for banks over coming decades. Luxembourg’s banking association ABBL has sought to provide a framework for this in a new publication which also features some guidance related to strategy and governance, integration of CRE concerns within risk management frameworks and disclosure.

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