Flood risk can potentially affect a large share of credit institutions’ exposures

Climate change is impacting society already today and will have further consequences in the future. A successful green transition will require unprecedented efforts, both in Denmark and abroad. As a case in point, climate change and the transition to a greener economy will impact corporate earnings and economic activity. This may compromise price and financial stability in Denmark, which it is Danmarks Nationalbank’s objective to ensure. It is therefore essential that Danmarks Nationalbank increases its knowledge of how, and by how much, the climate challenges will impact various parts of the economy. Against this backdrop, Danmarks Nationalbank will focus on climate challenges in a series of publications.