ENVIRONMENTAL HAZARDS AND RISK MANAGEMENT IN THE FINANCIAL SECTOR: A SYSTEMATIC LITERATURE REVIEW
系统梳理了金融部门环境与气候风险管理文献，发现金融机构通过强化环境责任可降低风险暴露，且气候风险评估意愿推动企业采取更积极的环境政策。
Abstract We conduct a systematic literature review on environmental and climate‐related risk management in the financial sector. We classify the current literature into three categories: (i) the impact of environmental concerns on financial risk; (ii) the current state of environmental risk practices in the financial sector; and (iii) measures to assess the financial exposure to environmental risks. We find that financial institutions can reduce their risk exposure by highly committing with environmental responsibility and performance. Moreover, the increase in willingness to assess climate‐related financial risk incentivizes corporate managers to adopt more proactive environmental policies and practices.