기후변화 리스크가 금융산업에 미치는 영향

Abstract

Risks to existing businesses may arise due to international or governmental policies or regulations, but at the same time, various opportunities arise to respond to climate change, and it is required to take advantage of opportunities while coping with risks. Therefore, opportunities and risks of the global challenge of climate change are reviewed in consideration of trends such as international financial regulations, and countermeasures that banks and governments can take in the future are presented. Banks take on the social responsibility of contributing to the realization of a sustainable and resident society, and in addition to supporting business partners' transition to carbon neutrality and adaptation to climate change, they also advance climate change risk analysis and risk management of financial assets held by each bank. It is important to do Banks have played a role in supporting the continued growth of business partners in terms of funds by providing so-called timeline benefits by providing credit. In order for banks to contribute to the realization of a sustainable society through climate change response as a responsible source of funds, it is important for banks to support their business partners’ carbon neutral transition and climate change adaptation measures. Specifically, it could consider funding projects related to climate change countermeasures, such as renewable energy, green buildings and waste disposal, as well as innovative environmental technologies. Banks should disclose useful information related to climate change, inform stakeholders and strengthen dialogue. In addition, from the perspective of users of open information, it is important not only to utilize the climate-related disclosures of partner companies to identify potential issues, risks, and opportunities for the company, but also to promote disclosure as necessary. Disclosure of information on climate change based on TCFD proposals is an opportunity for the bank to publicize its response to climate change externally as a contribution to the realization of a sustainable society. It is thought that it will contribute to value increase, so active measures are expected. This improvement in valuation should inspire investors when considering issuing green bonds and the like in the future. The government should continue to develop public-private partnerships so that financial institutions can adopt policies that take into account the actual conditions of financial institutions’ activities and global harmonization policies in order to demonstrate their function to support companies’ responses to climate change. It is expected that international discussions on climate change will intensify and that scientific knowledge and climate change risk management practices in financial institutions will increase. In this situation, in order to promote corporate transition to carbon neutrality and adaptation to climate change, not only support from financial institutions but also government policies are needed.