BAM and the WB publish the report of a study carried out jointly on climate risks in the Moroccan banking sector.


The impact of climate risks on the banking sector may be significantly underestimated due to the need for data and the inability to take into account the complex links between climate, financial, social and macroeconomic impacts. However, anticipation is essential and BAM should “aim to continually improve its understanding and management of climate-related financial risks”, according to the report’s conclusions.

This exploratory exercise is the first of its kind in the MENA region. The assessment carried out in this report focuses on climate risks of a physical nature and on the risks arising from the transition to a low-carbon economy.

This very first assessment measures the level of exposure of bank portfolios to the risks of drought, flooding and the implementation of carbon taxation. The study also includes an analysis of the vulnerability of banking players to hypothetical climate shocks.

Furthermore, the report highlights the challenges linked, on the one hand, to the lack of sufficiently granular data and, on the other hand, to the complexity of understanding the interactions between climatic, economic and financial factors.

This report is part of the efforts made by Bank Al-Maghrib to take into account the impacts of climate change at the level of the banking sector and support the players in this sector in the implementation of measures and management systems. related risks.

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