What do (and should) we know about ESG profile of Italian bank borrowers?

Banks are called to an unprecedented effort to meet supervisory expectations regarding climate risk and other ESG profiles. The ECB’s 2022 thematic review has highlighted several weaknesses that must be swiftly overcome, and the SSM has asked individual banks to address a list of deficiencies and make use of some “good practices” that can already be found in the industry. The EBA has issued new standards concerning ESG information to be provided in Pillar 3 disclosures. These, and other, requests – while involving the re-design of a wide array of risk assessment and credit origination processes – also point to the need to acquire high-quality, granular information on the borrowers’ exposure to ESG risks, including physical and transition risk.

 

Program

10:30 am | Introductory remarks - Andrea Resti, Bocconi University and advisor to the European Parliament on banking supervision

10:50 am | The ESG profile of Italian bank borrowers: what do we know? - Marco Macellari, Head of Risk Management Consulting, CRIF

11:10 am | What does Intesa Sanpaolo know about the ESG/climate risk profile of its borrowers? Davide Alfonsi, Chief Risk Officer, Intesa Sanpaolo and Guido Genero, Head of Risk Clearing, Intesa Sanpaolo

11:30 am | What does Unicredit know about the ESG/climate risk profile of its borrowers? - Corrado Pavanati, Chief Risk Officer Italy, UniCredit

11:50 am | What does Credit Agricole know about the ESG/climate risk profile of its Italian borrowers? Fabrizio Reggi, Chief Risk Officer - Italy, Credit Agricole Italia

12:10 pm | How should signicant institutions measure the ESG/climate profile of their customers? Patrick Amis, Head of Directorate General Specialised Institutions and LSIs, European Central Bank

12:35 pm | ESG risks and banking regulation - Jacob Gyntelberg, Director, Economic and Risk Analysis Department, European Banking Authority

02:50 pm | Concluding address - Giorgio Costantino, Executive Director, Global Transformation Services, CRIF