Journal
Scientific journal NRU ITMO Series "Economics and Environmental Management"
UDK336.71.078.3
Issue:1 (60)
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Environmental financial risk management in banks: methodological aspects
Annotation
In 2023 and 2024, there was a significant increase in the interest of financial institutions in nature-related financial risks. The problems of natural disasters and biodiversity are becoming more urgent. Research shows that economies around the world are becoming increasingly dependent on ecosystem services, and natural risks can have a direct impact on the economy and financial stability. According to estimates from the European Central Bank, almost 75% of all loans in the eurozone go to companies that rely heavily on at least one ecosystem service. International organizations such as the NGFS, TNFD, IMF, and central banks from various countries are conducting in-depth research on nature-related financial risks. These organizations include the Community of Central Banks and Supervisors for Environmental Sustainability in Financial Systems and the Task Force for Disclosure of Financial Information on Nature. Currently, there is no research in Russia on the financial risks associated with natural disasters. This study aims to investigate methodological approaches to managing these risks, especially in credit institutions. The purpose of this work is to summarize existing research on the topic and apply the findings in Russian practice. The focus of this study will be on nature-dependent financial risks. The methods used in the research include universal, general scientific, and specific scientific methods, as well as content analysis of available sources. The largest studies on managing nature-related financial risks were analyzed, along with the nature and types of these risks and the principles for creating scenarios for managing them. Conclusions were drawn regarding methodological approaches for managing nature-related risks in credit institutions in the Russian Federation.
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