[MCN] Bankers in dread of facing up to climate change: Update from Bloomberg Climate Changed

[Lance Olsen]

“It quickly becomes a very daunting, and sometimes demotivating, topic.”

—Kaitlin Crouch of ING Groep NV. Big banks are finally starting to account for climate change risk <https://link.mail.bloombergbusiness.com/click/18036121.26355/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMTktMDktMTIvYmFua3MtYXJlLWZpbmFsbHktc3RhcnRpbmctdG8tYWNjb3VudC1mb3ItY2xpbWF0ZS1jaGFuZ2Utcmlzaz91dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fdGVybT0xOTA5MTImdXRtX2NhbXBhaWduPWNsaW1hdGVjaGFuZ2Vk/58ffbaf7dd4c29967b8b4646Bfce0e4bd>, but it’s not easy.

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A core question: What is “resilience”?

2018 — “Resilience is a popular narrative for conservation and provides an opportunity to communicate optimism that ecosystems can recover and rebound from disturbances.” (Emily S. Darling and Isabelle M. Côté, Science, March 2, 2018). 

2014 — “Emerging from a wide range of disciplines, resilience in policy-making has often been based on the ability of systems to bounce back to normality, drawing on engineering concepts. This implies the return of the functions of an individual, household, community or ecosystem to previous conditions, with as little damage and disruption as possible following shocks and stresses”  (Tanner et al, Nature Climate Change,  December 18, 2014). 

1938 — Resilience. 1- The act or power of springing back to a former position or shape. 2. The quantity of work given back by a body that is compressed to a certain limit and then allowed to recover itself, as a spring under pressure suddenly relaxed.”  (Funk & Wagnall’s New Standard Dictionary of the English Language, vol.2, M-Z 1938)




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