Sostenibilidad bancaria

This text explores banking sustainability and the crucial role played by central banks, such as the ESCB, in mitigating the physical and transitional risks stemming from climate change and ESG factors. Unlike traditional financial risks, ESG risks require a new bidirectional management framework that assesses not only the direct impact on the banking organization but also the potential consequences for stakeholders and the environment. Furthermore, the text analyzes the principle of "sound and prudent management" typical of the banking system, contrasting it with the Anglo-Saxon business judgment rule, to highlight how the integration of sustainability criteria introduces an additional, essential dimension into the decision-making processes of bank directors.