Brazil Daily

Banks in Latin America fail to properly measure climate risks

We’re covering the financial risks of climate change on Brazilian banks. The government’s change of heart on social isolation against the coronavirus. And how the Beirut explosion may help Jair Bolsonaro enhance his coalition. 

Latin American banks don’t know how climate change impacts their business

Despite advances in implementing ESG standards (environmental, social, and governance), Latin American banks still fail to evaluate and quantify the financial impact climate change can have on their business.

A report by the United Nations Environment Program Finance Initiative shows that the region’s banks tend to assess climate risks only from the perspective...

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