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- Title
BANKARSKO UPRAVLJANJE RIZICIMA U SVJETLU KLIAMTSKIH PROMJENA I RIZIKA.
- Authors
KONJHODŽIĆ, SEID; HUBANA, ARMINA
- Abstract
The paper explores the concept of risk management in the context of increasingly pronounced climate changes. It focuses on the identification, assessment and management of risks arising from extreme weather events. Climate change, on a global level, affects all sectors of the economy. Climate risks affect financial risks, and financial risks affect the stability and security of financial institutions. Therefore, the aim of the paper is to point out the importance of understanding and identifying climate risks, their inclusion in the risk map, and then in the strategies and business models of financial institutions. Climate change and the transition to a green, less carbon-intensive economy are processes that have a major impact on economic activity, and thus on the financial system of each country. Risks related to climate change and environmental risks are becoming more and more relevant for banks and their business environment, and they must be taken into account in the risk management process. Banks are expected to readily and adequately respond to the challenges caused by climate change, while taking a proactive role in building banks' resilience to emerging financial risks arising from climate change, and the ability to support the transition to an acceptable rate of emissions at the level of the economy. Sustainable risk management requires continuous analysis, adaptation of strategies and active involvement of all participants in order to build a resilient society that can face the challenges of the future.
- Publication
Zbornik Radova: Univerzitet 'Džemal Bijedić' u Mostaru, Ekonomski Fakultet, 2023, Vol 21, Issue 33, p263
- ISSN
0352-258X
- Publication type
Article