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Irish banks not managing climate and environmental risks, says ECB | Business Post

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Irish banks not managing climate and environmental risks, says ECB. danieltmurray reports.

AIB said sustainability was one of the bank’s five strategic pillars. Picture: Bloomberg

Ireland’s main domestic banks are not yet assessing and managing climate and environmental risks to a sufficient level, according to the European Central Bank. In a first-of-its-kind report, released at the end of 2021, the ECB assessed the state of climate and environmental risk management in the banking sector across Europe. The ECB assessed all qualifying banks according to their implementation of climate and environmental risk management across their business models, their...

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