This chapter gives an overview of the main strategic and organisational implications for financial institutions when fully considering the actual and potential impacts of sustainability-related risks on their businesses. In this respect, the chapter first argues that, to ensure the effectiveness of the general risk management framework, developments are necessary at several levels of the organisation, in particular within the perimeter of competence of the management board, the risk management function and the operational business units. Then, the chapter discusses the issue of disclosing sustainability-related information by illustrating existing industry and policy standards. It concludes that more work is still needed in terms of quality and comparability of the information to foster market discipline via the disclosure of sustainability-related information.
CITATION STYLE
Migliorelli, M., & Marini, V. (2020). Sustainability-Related Risks, Risk Management Frameworks and Non-financial Disclosure (pp. 93–118). https://doi.org/10.1007/978-3-030-54530-7_4
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