Climate Change-related Risks and Bank Stock ReturnsWhelsy BOUNGOU, Christian UROM
Are banks aware of climate change risks? To answer this question, we use daily data from the stock indices of global and G20 banks over the period from 03 January 2011 to 29 November 2019. We find that climate change risks impact banks’ stock market performance. However, banks’
responses differ both in terms of their location and the type of climate risks to which banks are exposed.