The risks posed by environmental issues and climate change are similar in nature to those that befell the banking industry from the subprime meltdown.  Banks are reducing their carbon footprints by employing greener operational polices, while lending officers are considering the credit and market risks associated with investing in environmentally sensitive sectors.

Financial services firms are on the front line of the effects of climate change. Over the past 12 to 18 months green issues remain firmly on the media and political agenda for banks... Read More