American Banker, July 28, 2023, Banks reduce exposure to climate-sensitive industries: New York Fed
Last year, average bank exposure to companies that would be harmed in the event of an extreme climate-related shock was about 14% of total assets, down from 16% in 2020 and close to 18% in 2012.
In recent years, shareholders and banking executives have grown concerned about the risks of climate-change transition policies and whether they would weigh on business.
