Reported 4 months ago
Major global banks are now focusing on a new type of risk in the real estate sector, particularly related to the carbon emissions of buildings and the costs associated with meeting new green regulations like the European Union's Energy Performance of Buildings Directive. Banks like BNP Paribas, Banco Santander, Barclays, ING Groep, and NatWest Group are implementing or considering measures to reduce emissions intensity in their commercial real estate portfolios. This shift is reshaping how banks handle risks in their loan portfolios, as properties in need of upgrades to meet sustainability requirements are becoming a concern.
Source: YAHOO