- Ackerman, F., DeCanio, S.J., Howarth, R.B. & Sheeran, K. (2009) Limitations of integrated assessment models of climate change. Climatic Change, 95(3–4), 297–315.
Paper not yet in RePEc: Add citation now
- Adams, R.J., Smart, P. & Huff, A.S. (2017) Shades of grey: guidelines for working with the grey literature in systematic reviews for management and organizational studies. International Journal of Management Reviews, 19(4), 432–454.
Paper not yet in RePEc: Add citation now
- Akadiri, S.S. & Adebayo, T.S. (2022) The criticality of financial risk to environment sustainability in top carbon emitting countries. Environmental Science and Pollution Research International, 29(56), 84226–84242.
Paper not yet in RePEc: Add citation now
- Al‐Qudah, A.A., Hamdan, A., Al‐Okaily, M. & Alhaddad, L. (2022) The impact of green lending on credit risk: evidence from UAE's banks. Environmental Science and Pollution Research International, 1, 1–13.
Paper not yet in RePEc: Add citation now
Alessi, L. & Battiston, S. (2022) Two sides of the same coin: green taxonomy alignment versus transition risk in financial portfolios. International Review of Financial Analysis, 84, 102319.
An, X. & Pivo, G. (2020) Green buildings in commercial mortgage‐backed securities: the effects of LEED and energy star certification on default risk and loan terms. Real Estate Economics, 48(1), 7–42.
Aracil, E., Nájera‐Sánchez, J.J. & Forcadell, F.J. (2021) Sustainable banking: a literature review and integrative framework. Finance Research Letters, 42, 101932.
Ascui, F. & Cojoianu, T.F. (2019) Implementing natural capital credit risk assessment in agricultural lending. Business Strategy and the Environment, 28(6), 1234–1249.
Atif, M. & Ali, S. (2021) Environmental, social, and governance disclosure and default risk. Business Strategy and the Environment, 30(8), 3937–3959.
- Australian Prudential Regulation Authority (APRA). (2022) Climate vulnerability assessment results. Information Paper.
Paper not yet in RePEc: Add citation now
Bai, C., Shi, B., Liu, F. & Sarkis, J. (2019) Banking credit worthiness: evaluating the complex relationships. Omega (Oxford), 83, 26–38.
- Bank of England (BoE). (2019) The 2021 biennial exploratory scenario on the financial risks from climate change. London: Bank of England.
Paper not yet in RePEc: Add citation now
- Bank of England (BoE). (2021a) Climate‐related financial risk management and the role of capital requirements. London: Bank of England.
Paper not yet in RePEc: Add citation now
- Bank of England (BoE). (2021b) Climate policy and transition risk in the housing market. Staff Working Paper No. 918.
Paper not yet in RePEc: Add citation now
- Bank of England (BoE). (2022) Results of the 2021 climate biennial exploratory scenario (CBES). London: Bank of England.
Paper not yet in RePEc: Add citation now
- Bannier, C.E., Bofinger, Y. & Rock, B. (2022) Corporate social responsibility and credit risk. Finance Research Letters, 44, 102052.
Paper not yet in RePEc: Add citation now
Barth, F., Hübel, B. & Scholz, H. (2022) ESG and corporate credit spreads. The Journal of Risk Finance, 23(2), 169–190.
- Basel Committee on Banking Supervision (BCBS). (2000) Principles for the management of credit risk.
Paper not yet in RePEc: Add citation now
- Basel Committee on Banking Supervision (BCBS). (2020) Climate‐related financial risks: a survey on current initiatives.
Paper not yet in RePEc: Add citation now
- Basel Committee on Banking Supervision (BCBS). (2021a) Climate‐related risk drivers and their transmission channels.
Paper not yet in RePEc: Add citation now
- Basel Committee on Banking Supervision (BCBS). (2021b) Climate‐related financial risks ‐measurement methodologies.
Paper not yet in RePEc: Add citation now
- Basel Committee on Banking Supervision (BCBS). (2022) Principles for the effective management and supervision of climate‐related financial risks.
Paper not yet in RePEc: Add citation now
- Battiston, S., Dafermos, Y. & Monasterolo, I. (2021) Climate risks and financial stability. Journal of Financial Stability, 54, 100867.
Paper not yet in RePEc: Add citation now
- Battiston, S., Mandel, A. & Monasterolo, I. (2019) CLIMAFIN handbook: pricing forward‐looking climate risks under uncertainty. Available at SSRN 3476586.
Paper not yet in RePEc: Add citation now
Battiston, S., Mandel, A., Monasterolo, I., Schütze, F. & Visentin, G. (2017) A climate stress‐test of the financial system. Nature Climate Change, 7(4), 283–288.
Berg, F., Kölbel, J.F. & Rigobon, R. (2022) Aggregate confusion: the divergence of ESG ratings. Review of Finance, 26(6), 1315–1344.
Bingler, J.A. & Colesanti Senni, C. (2022) Taming the green swan: a criteria‐based analysis to improve the understanding of climate‐related financial risk assessment tools. Climate Policy, 22(3), 356–370.
Bingler, J.A., Senni, C.C. & Monnin, P. (2022) Understand what you measure: where climate transition risk metrics converge and why they diverge. Finance Research Letters, 50, 103265.
Birindelli, G., Bonanno, G., Del”Atti, S. & Iannuzzi, A.P. (2022) Climate change commitment, credit risk, and the country's environmental performance: empirical evidence from a sample of international banks. Business Strategy and the Environment, 31(4), 1641–1655.
- Bolton, P. & Kacperczyk, M. (2021) Do investors care about carbon risk? Journal of Financial Economics, 142(2), 517–549.
Paper not yet in RePEc: Add citation now
- Bolton, P., Despres, M., Da Silva, L.A.P., Samama, F. & Svartzman, R. (2020) The green swan. Basel, Switzerland: BIS Books.
Paper not yet in RePEc: Add citation now
Bouchet, V. & Le Guenedal, T. (2022) Sensibilité du risque de crédit au prix du carbone. Revue économique, 73(2), 151–172.
Broadstock, D.C., Chan, K., Cheng, L.T.W. & Wang, X. (2021) The role of ESG performance during times of financial crisis: evidence from COVID‐19 in China. Finance Research Letters, 38, 101716.
- Brogi, M., Lagasio, V. & Porretta, P. (2022) Be good to be wise: environmental, social, and governance awareness as a potential credit risk mitigation factor. Journal of International Financial Management and Accounting, 33(3), 522–547.
Paper not yet in RePEc: Add citation now
Buhr, B. (2017) Assessing the sources of stranded asset risk: a proposed framework. Journal of Sustainable Finance and Investment, 7(1), 37–53.
Campiglio, E., Dafermos, Y., Monnin, P., Ryan‐Collins, J., Schotten, G. & Tanaka, M. (2018) Climate change challenges for central banks and financial regulators. Nature Climate Change, 8(6), 462–468.
- Campiglio, E., Daumas, L., Monnin, P. & Von Jagow, A. (2022) Climate‐related risks in financial assets. Journal of Economic Surveys, 37, 950–992.
Paper not yet in RePEc: Add citation now
- Capasso, G., Gianfrate, G. & Spinelli, M. (2020) Climate change and credit risk. Journal of Cleaner Production, 266, 121634.
Paper not yet in RePEc: Add citation now
Capelli, P., Ielasi, F. & Russo, A. (2021) Forecasting volatility by integrating financial risk with environmental, social, and governance risk. Corporate Social‐Responsibility and Environmental Management, 28(5), 1483–1495.
- Carney, M. (2015) Breaking the tragedy of the horizon–climate change and financial stability.
Paper not yet in RePEc: Add citation now
Cevik, S. & Jalles, J.T. (2022) An apocalypse foretold: climate shocks and sovereign defaults. Open Economies Review, 33(1), 89–108.
Chava, S. (2014) Environmental externalities and cost of capital. Management Science, 60(9), 2223–2247.
Chenet, H., Ryan‐Collins, J. & Van Lerven, F. (2021) Finance, climate‐change and radical uncertainty: towards a precautionary approach to financial policy. Ecological Economics, 183, 106957.
- Chodnicka‐Jaworska, P. (2022) Environmental, social, and governance impact on energy sector default risk—long‐term issuer credit ratings perspective. Frontiers in Energy Research, 10, 817679.
Paper not yet in RePEc: Add citation now
Ciummo, S., Walch, F. & Breitenstein, M. (2022) Disclosure of climate change risk in credit ratings. ECB Occasional Paper, (2022/303).
Cojoianu, T.F. & Ascui, F. (2018) Developing an evidence base for assessing natural capital risks and dependencies in lending to Australian wheat farms. Journal of Sustainable Finance & Investment, 8(2), 95–113.
Coulson, A.B. (2009) How should banks govern the environment? Challenging the construction of action versus veto. Business Strategy and the Environment, 18(3), 149–161.
D'Orazio, P. & Popoyan, L. (2019) Fostering green investments and tackling climate‐related financial risks: which role for macroprudential policies? Ecological Economics, 160, 25–37.
- Dietz, S., Bowen, A., Dixon, C. & Gradwell, P. (2016) ‘Climate value at risk’ of global financial assets. Nature Climate Change, 6(7), 676–679.
Paper not yet in RePEc: Add citation now
- Dorfleitner, G., Grebler, J. & Utz, S. (2020) The impact of corporate social and environmental performance on credit rating prediction: North America versus Europe. The Journal of Risk, 22(6), 1–33.
Paper not yet in RePEc: Add citation now
- Dorfleitner, G., Halbritter, G. & Nguyen, M. (2015) Measuring the level and risk of corporate responsibility – an empirical comparison of different ESG rating approaches. Journal of Asset Management, 16(7), 450–466.
Paper not yet in RePEc: Add citation now
Drago, D., Carnevale, C. & Gallo, R. (2019) Do corporate social responsibility ratings affect credit default swap spreads? Corporate Social‐Responsibility and Environmental Management, 26(3), 644–652.
- Dunz, N., Naqvi, A. & Monasterolo, I. (2021) Climate sentiments, transition risk, and financial stability in a stock‐flow consistent model. Journal of Financial Stability, 54, 100872.
Paper not yet in RePEc: Add citation now
Ehlers, T., Packer, F. & de Greiff, K. (2021) The pricing of carbon risk in syndicated loans: which risks are priced and why? BIS Working Papers, (2021/946).
Engle, R.F., Giglio, S., Kelly, B., Lee, H. & Stroebel, J. (2020) Hedging climate change news. The Review of Financial Studies, 33(3), 1184–1216.
- European banking authority (EBA). (2020) Guidelines on loan origination and monitoring.
Paper not yet in RePEc: Add citation now
- European banking authority (EBA). (2021a) EBA report on management and supervision of ESG risks for credit institutions and investment firms.
Paper not yet in RePEc: Add citation now
- European banking authority (EBA). (2021b) Mapping climate risk: Main findings from the EU‐wide pilot exercise.
Paper not yet in RePEc: Add citation now
- European Banking Authority (EBA). (2022) The role of environmental risks in the prudential framework. Discussion Paper.
Paper not yet in RePEc: Add citation now
- European Central Bank (ECB). (2020) Guide on climate‐related and environmental risks. Supervisory expectations relating to risk management and disclosure.
Paper not yet in RePEc: Add citation now
- European Central Bank (ECB). (2022b) Good practices for climate‐related and environmental risk management.
Paper not yet in RePEc: Add citation now
- European Central Bank (ECB). (2022c) The macroprudential challenge of climate change.
Paper not yet in RePEc: Add citation now
- Fernández‐Cuesta, C., Castro, P., Tascón, M.T. & Castaño, F.J. (2019) The effect of environmental performance on financial debt. European evidence. Journal of Cleaner Production, 207, 379–390.
Paper not yet in RePEc: Add citation now
- Financial Stability Board (FSB). (2021) The availability of data with which to monitor and assess climate‐related risks to financial stability.
Paper not yet in RePEc: Add citation now
- Financial Stability Board (FSB). (2022) FSB‐supervisory and regulatory approaches to climate‐related risks.
Paper not yet in RePEc: Add citation now
- Giglio, S., Kelly, B. & Stroebel, J. (2021) Climate finance. Annual Review of Financial Economics, 13, 15–36.
Paper not yet in RePEc: Add citation now
Gonenc, H. & Scholtens, B. (2017) Environmental and financial performance of fossil fuel firms: a closer inspection of their interaction. Ecological Economics, 132, 307–328.
- Heo, W., Rabbani, A. & Grable, J.E. (2021) An evaluation of the effect of the COVID‐19 pandemic on the risk tolerance of financial decision makers. Finance Research Letters, 41, 101842.
Paper not yet in RePEc: Add citation now
Höck, A., Klein, C., Landau, A. & Zwergel, B. (2020) The effect of environmental sustainability on credit risk. Journal of Asset Management, 21(2), 85–93.
Huang, H.H., Kerstein, J., Wang, C. & Wu, F. (2022) Firm climate risk, risk management, and bank loan financing. Strategic Management Journal, 43(13), 2849–2880.
- Ilhan, E., Krueger, P., Sautner, Z. & Starks, L.T. (2022) Climate risk disclosure and institutional investors. Swiss Finance Institute Research Paper, (19‐66).
Paper not yet in RePEc: Add citation now
- Intergovernmental Panel on Climate Change (IPCC). (2018) Global warming of 1.5°C. An IPCC Special Report on the Impacts of Global Warming of, 1(5), 43–50.
Paper not yet in RePEc: Add citation now
- Intergovernmental Panel on Climate Change (IPCC). (2022) Climate change 2022: impacts, adaptation and vulnerability (p. 3056).
Paper not yet in RePEc: Add citation now
Jung, J., Herbohn, K. & Clarkson, P. (2018) Carbon risk, carbon risk awareness and the cost of debt financing. Journal of Business Ethics, 150(4), 1151–1171.
Kabir, M.N., Rahman, S., Rahman, M.A. & Anwar, M. (2021) Carbon emissions and default risk: international evidence from firm‐level data. Economic Modelling, 103, 105617.
Kaur Brar, J., Kornprobst, A., Braun, W.J., Davison, M. & Hare, W. (2021) A case study of the impact of climate change on agricultural loan credit risk. Mathematics (Basel), 9(23), 3058.
- Khan, A., Goodell, J.W., Hassan, M.K. & Paltrinieri, A. (2022) A bibliometric review of finance bibliometric papers. Finance Research Letters, 47, 102520.
Paper not yet in RePEc: Add citation now
Kölbel, J.F., Busch, T. & Jancso, L.M. (2017) How media coverage of corporate social irresponsibility increases financial risk. Strategic Management Journal, 38(11), 2266–2284.
- Kölbel, J.F., Leippold, M., Rillaerts, J. & Wang, Q. (2020) Ask BERT: how regulatory disclosure of transition and physical climate risks affects the CDS term structure. Swiss Finance Institute Research Paper, (21‐19).
Paper not yet in RePEc: Add citation now
Landi, G.C., Iandolo, F., Renzi, A. & Rey, A. (2022) Embedding sustainability in risk management: the impact of environmental, social, and governance ratings on corporate financial risk. Corporate Social‐Responsibility and Environmental Management, 29(4), 1096–1107.
- Lawrence, J., Blackett, P. & Cradock‐Henry, N.A. (2020) Cascading climate change impacts and implications. Climate Risk Management, 29, 100234.
Paper not yet in RePEc: Add citation now
- Li, H., Zhang, X. & Zhao, Y. (2022) ESG and Firm's default risk. Finance Research Letters, 47, 102713.
Paper not yet in RePEc: Add citation now
Mengze, H. & Wei, L. (2015) A comparative study on environment credit risk management of commercial banks in the Asia‐Pacific region. Business Strategy and the Environment, 24(3), 159–174.
Monasterolo, I. (2020) Climate change and the financial system. Annual Review of Resource Economics, 12, 299–320.
Monasterolo, I., Roventini, A. & Foxon, T.J. (2019) Uncertainty of climate policies and implications for economics and finance: an evolutionary economics approach. Ecological Economics, 163, 177–182.
- Monnin, P. (2018) Integrating climate risks into credit risk assessment‐current methodologies and the case of central banks corporate bond purchases. Council on Economic Policies, Integrating Climate Risks into Credit Risk Assessment ‐ Current Methodologies and the Case of Central Banks Corporate Bond Purchases.
Paper not yet in RePEc: Add citation now
Nandy, M. & Lodh, S. (2012) Do banks value the eco‐friendliness of firms in their corporate lending decision? Some empirical evidence. International Review of Financial Analysis, 25, 83–93.
- Network for Greening the Financial System (NGFS). (2019) First comprehensive report a call for action climate change as a source of financial risk.
Paper not yet in RePEc: Add citation now
- Network for Greening the Financial System (NGFS). (2020a) A status report on financial Institutions' experiences from working with green, non green and brown financial assets and a potential risk differential. Technical Document.
Paper not yet in RePEc: Add citation now
- Network for Greening the Financial System (NGFS). (2020b) Overview of environmental risk analysis by financial institutions (2020). Technical Document.
Paper not yet in RePEc: Add citation now
- Network for Greening the Financial System (NGFS). (2020c) Case studies of environmental risk analysis methodologies.
Paper not yet in RePEc: Add citation now
- Network for Greening the Financial System (NGFS). (2022a) Final report on bridging data gaps (2022). Technical Document.
Paper not yet in RePEc: Add citation now
- Network for Greening the Financial System (NGFS). (2022b) Credit ratings and climate change – challenges for central Bank operations.
Paper not yet in RePEc: Add citation now
- Network for Greening the Financial System (NGFS). (2022c) Capturing risk differentials from climate‐related risks. Technical Document.
Paper not yet in RePEc: Add citation now
- Network for Greening the Financial System (NGFS). (2022d) Scenarios for central banks and supervisors.
Paper not yet in RePEc: Add citation now
Nieto, M.J. (2019) Banks, climate risk and financial stability. Journal of Financial Regulation and Compliance, 27(2), 243–262.
- Page, M.J., McKenzie, J.E., Bossuyt, P.M., Boutron, I., Hoffmann, T.C., Mulrow, C.D. et al. (2021) Updating guidance for reporting systematic reviews: development of the PRISMA 2020 statement. Journal of Clinical Epidemiology, 134, 103–112.
Paper not yet in RePEc: Add citation now
- Roncoroni, A., Battiston, S., Escobar‐Farfán, L.O. & Martinez‐Jaramillo, S. (2021) Climate risk and financial stability in the network of banks and investment funds. Journal of Financial Stability, 54, 100870.
Paper not yet in RePEc: Add citation now
Saidane, D. & Abdallah, S.B. (2021) African firm default risk and CSR. Finance Research Letters, 43, 101964.
- Semieniuk, G., Campiglio, E., Mercure, J.F., Volz, U. & Edwards, N.R. (2021) Low‐carbon transition risks for finance. Wiley Interdisciplinary Reviews: Climate Change, 12(1), e678.
Paper not yet in RePEc: Add citation now
Stellner, C., Klein, C. & Zwergel, B. (2015) Corporate social responsibility and Eurozone corporate bonds: the moderating role of country sustainability. Journal of Banking and Finance, 59, 538–549.
- TCFD. (2017) Recommendations of the task force on climate‐related financial disclosures. Task Force on Climate‐Related Disclosures. REP., 11(1), 27–32.
Paper not yet in RePEc: Add citation now
Thomä, J. & Chenet, H. (2017) Transition risks and market failure: a theoretical discourse on why financial models and economic agents may misprice risk related to the transition to a low‐carbon economy. Journal of Sustainable Finance & Investment, 7(1), 82–98.
- Turnbull, S.M. & Habahbeh, L. (2020) A framework to analyze the financial effects of climate change. Journal of Risk, 23(2), 105–146.
Paper not yet in RePEc: Add citation now
- Umar, M., Ji, X., Mirza, N. & Naqvi, B. (2021) Carbon neutrality, bank lending, and credit risk: evidence from the Eurozone. Journal of Environmental Management, 296, 113156.
Paper not yet in RePEc: Add citation now
- UNEPFI. (2018) Extending our horizons 2: assessing credit risk and opportunity in a changing climate: outputs of a working group of 16 banks piloting the TCFD recommendations.
Paper not yet in RePEc: Add citation now
- UNEPFI. (2021a) The climate risk landscape: a comprehensive overview of climate risk assessment methodologies.
Paper not yet in RePEc: Add citation now
- UNEPFI. (2021b) Testing the application of the EU taxonomy to core banking to core banking products: products: high‐level recommendations.
Paper not yet in RePEc: Add citation now
- UNFCCC. (2015) Adoption of the Paris agreement, fccc/cp/2015/L, 9.
Paper not yet in RePEc: Add citation now
Van Coppenolle, H., Blondeel, M. & Van de Graaf, T. (2023) Reframing the climate debate: the origins and diffusion of net zero pledges. Global Policy, 14(1), 48–60.
Vermeulen, R., Schets, E., Lohuis, M., Kölbl, B., Jansen, D. & Heeringa, W. (2021) The heat is on: a framework for measuring financial stress under disruptive energy transition scenarios. Ecological Economics, 190, 107205.
- Wang, Y., Feng, Z. & Huang, H. (2021) Corporate carbon dioxide emissions and the cost of debt financing: evidence from the global tourism industry. The International Journal of Tourism Research, 23(1), 56–69.
Paper not yet in RePEc: Add citation now
Weber, O. (2005) Sustainability benchmarking of European banks and financial service organizations. Corporate Social Responsibility and Environmental Management, 12, 73–87.
Weber, O. (2012) Environmental credit risk management in banks and financial service institutions. Business Strategy and the Environment, 21(4), 248–263.
Weber, O., Scholz, R.W. & Michalik, G. (2010) Incorporating sustainability criteria into credit risk management. Business Strategy and the Environment, 19(1), 39–50.
- Yin, W., Zhu, Z., Kirkulak‐Uludag, B. & Zhu, Y. (2021) The determinants of green credit and its impact on the performance of Chinese banks. Journal of Cleaner Production, 286, 124991.
Paper not yet in RePEc: Add citation now
Yu, B., Li, C., Mirza, N. & Umar, M. (2022) Forecasting credit ratings of decarbonized firms: comparative assessment of machine learning models. Technological Forecasting and Social Change, 174, 121255.