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Banks Risk Missing the Bigger Threat Beyond Climate Change
Financial institutions must move beyond treating climate change and biodiversity loss as separate risks, warns Stéphane Dees of Banque de France. As ecosystem degradation creates increasingly complex financial exposures, banks face significant methodological challenges in integrating nature risk into existing frameworks. Better geospatial analysis, scenario modeling and supply chain mapping will be essential.
Nov 03, 2026
Stephane Dees
Stephane Dees, Head of Climate Economics Unit, Banque De France
Tags: ESG and Climate Risk
Banks Risk Missing the Bigger Threat Beyond Climate Change
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization



  • Climate change, biodiversity loss and ecosystem degradation are increasingly interconnected financial risks
  • Agriculture, forestry and real estate offer immediate opportunities for integrated risk assessment
  • Geospatial tools, sector heatmaps and water stress indicators can identify localized vulnerabilities
  • Methodological limitations remain the biggest obstacle to translating nature risks into financial stability measures
  • Banks should invest in asset-location tracking, supply chain mapping and TNFD-aligned reporting
  • Integrated scenarios and planetary boundaries could reshape environmental risk management
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