trending Market Intelligence /marketintelligence/en/news-insights/trending/7bNSgM3fHU-ntKT9XhRUlw2 content esgSubNav
In This List

Climate risk stress test to be run on several international banks, including Mexico and Brazil

Blog

Insight Weekly: Private equity slows; SPAC underwriters retreat; carbon capture boost

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines


Climate risk stress test to be run on several international banks, including Mexico and Brazil

The Global Canopy Programme is including several Mexican andBrazilian banks in a global pilot program to test international banks' resilienceto climate risks.

The organization is enlisting Grupo Financiero Banorte SAB de CV, Grupo Financiero Banamex SA de CV, Caixa Econômica Federal, Itaú Unibanco Holding SA and Banco Santander (Brasil) S.A. to participate in the pilotthat will test lending portfolio exposure to climate threats, the GCP said in aMay 3 statement.

The program will be jointly run by the Natural Capital Declaration,a global finance-led initiative, and the Emerging Markets Dialogue on Green Finance,which is under the German government. The first step of the project will be thedevelopment of an analytical framework for bank stress testing models in case ofextreme droughts to determine the financial exposure to such events.

In addition to Brazil and Mexico, the program also involves majorbanks from China, the United States and India.