How large US banks manage climate-related financial risks

Chiara Fulvi and Kevin Stiroh

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: US-based global systemically important banks (G-SIBs) remain focused on managing climate risks and are developing new ways of identifying and assessing such risks, even as they are publicly scaling back their net zero commitments and the US policy environment moves away from dedicated supervision of climate-related risks. It is vital to understand how banks are managing these risks and how disclosure can provide investors, counterparties and policymakers with decision-useful information. We examined the public disclosures of six large US banks to assess how they incorporate climate-related risk drivers into risk management practices and business strategies: Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo. All these banks have been designated as systemically important in the US.

JEL-codes: F3 G3 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2026-08
References: Add references at CitEc
Citations:

Downloads: (external link)
https://researchonline.lse.ac.uk/id/eprint/140783/ Open access version. (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:140783

Access Statistics for this paper

More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().