![]() ![]() This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. For more information about our organization, please visit ey.com. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.ĮY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. ![]() We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. While a rapid move towards more sustainable lending has been seen in the past few years, a status quo now seems to have become established only one-quarter of banks continue to categorically rule out taking ESG factors into account when lending – just as in the previous year.ĮY | Assurance | Consulting | Strategy and Transactions | TaxĮY is a global leader in assurance, consulting, strategy and transactions, and tax services. In lending, just under half of the banks surveyed said that they take sustainability factors into account when lending to commercial customers. Lending came just behind in second place, rated as the main lever for sustainable climate protection by 43% of the banks. Investing and lending to protect the climate and a desire for regulationĪlmost half of those surveyed (45%) state that sustainable investment is the best way for them to protect the climate effectively. More than a quarter of the banks (26%), significantly more than in the previous year (13%), view this scenario as the greatest challenge for their interest rate risk management. The considerable rise in rates of inflation in many countries in recent months has resulted in banks focusing more on the potential risk from interest rates rising rapidly and sharply. A quick look at foreign markets, however, makes the banks realise that rising interest rates are not just a theoretical risk – they could actually materialise. ![]()
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