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Article
BNP Paribas Moves Beyond Climate Overlays to Transform Credit Provisioning
BNP Paribas has completed the integration of climate risk into its IFRS 9 provisioning framework, eliminating the need for climate overlays. Marc Irubetagoyena explains how the bank is addressing data limitations, incorporating geopolitical uncertainty and preparing to extend its credit risk methodologies to nature and biodiversity risks.
Nov 04, 2026
Marc Irubetagoyena, Head of Modelling & Simulating, BNP Paribas
Tags:
ESG and Climate Risk
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
- BNP Paribas completed
climate risk integration into IFRS 9 provisioning by year-end 2025
- Climate overlays were
eliminated following the implementation of quantitative models
- Data availability and
quality remain major obstacles to reliable environmental risk assessment
- Climate impacts are
assessed at client level, while geopolitical risks are evaluated by sector
and geography
- Existing climate
methodologies provide a foundation for incorporating biodiversity and
nature risks
- Environmental
provisioning will become more integrated, although modeling and scenario
challenges persist
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