Sustainability-Related Risks, Risk Management Frameworks and Non-financial Disclosure

Marco Migliorelli () and Vladimiro Marini ()
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Marco Migliorelli: IAE Université Paris 1 Panthéon-Sorbonne (Sorbonne Business School)
Vladimiro Marini: University of Rome Tor Vergata

Chapter Chapter 4 in Sustainability and Financial Risks, 2020, pp 93-118 from Palgrave Macmillan

Abstract: Abstract This chapter gives an overview of the main strategic and organisational implications for financial institutions when fully considering the actual and potential impacts of sustainability-related risks on their businesses. In this respect, the chapter first argues that, to ensure the effectiveness of the general risk management framework, developments are necessary at several levels of the organisation, in particular within the perimeter of competence of the management board, the risk management function and the operational business units. Then, the chapter discusses the issue of disclosing sustainability-related information by illustrating existing industry and policy standards. It concludes that more work is still needed in terms of quality and comparability of the information to foster market discipline via the disclosure of sustainability-related information.

Keywords: Sustainability-related risks; Climate change-related risks; Risk management frameworks; Non-financial disclosure; Sustainability disclosure; Sustainable finance (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psifcp:978-3-030-54530-7_4

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DOI: 10.1007/978-3-030-54530-7_4

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