Goldman tackles climate risk controls
Lender joins other banks in translating physical and transition threats into controls framework
Goldman Sachs is working to hardwire controls into its risk management framework to help it guard against the risk of loss from climate change, a process it expects to complete by the end of this year.
“It’s one of our top risk priorities, not just [for] Goldman, but for the industry,” says David Wildermuth, deputy chief risk officer at Goldman Sachs. “We spend a lot of time talking to our peers, and people are approaching it from the same perspective—but, obviously, there are a lot of nuances
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