Title: "Climate Stress Testing in the Banking Sector: How Does Climate Risk Impact Credit Risk?" (TUM Press Release).

Date: January 19, 2022

Time: 13:00 (until approx.14:00)

Location: online

Registration: The TUM-IAS Wednesday Coffee talks are currently held online via zoom. To register, please send an email to events@ias.tum.de.

Abstract: The significance and consequences of climate change are more present than ever before in the public debate reflected for example in the stricter climate targets set by the EU and the German government in spring 2021. Climate risks are exemplary for the increasing significance of risks from the ecological, social and governance areas for companies, which are also referred to as ESG risks. The talk presents results from a recent study on how climate risks can be measured and integrated into stress tests. The results demonstrate the significant economic consequences of climate risk for firms and financial institutions.

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