How Banks Incorporate Climate Change In Their Risk Management – 1st Survey In Latin America & The Caribbean
The report “How banks incorporate climate change in their risk management – 1st survey in Latin America & the Caribbean” was undertaken by UNEP FI and CAF – Development Bank of Latin America, in collaboration with the Latin American Federation of Banks (FELABAN). It showcases the level of knowledge, current commitments and future goals on climate risk management of the banking sector in the region. The 78 banks that were part of this study belong to 11 countries in the region. The study sample represents 54% of the total assets of the Latin America and the Caribbean (LAC) market. Chile, Colombia and Mexico were excluded from this analysis, since similar surveys were recently carried out in these countries, the results of which are also presented in this report.