@inproceedings{Koch2021,
  author    = {Wolfgang Koch},
  title     = {Assessment of the BaFin Guidance Notice on Dealing with Sustainability Risks in Risk Management},
  organization    = {TH K{\"o}ln},
  url       = {https://nbn-resolving.org/urn:nbn:de:hbz:832-epub4-18823},
  year      = {2021},
  abstract  = {The elaboration of research addressed the sustainability risks identified in the BaFin Guidance Notice with regard to risk management. Sustainability risks (ESG risks) must be divided into the three areas: ‘Environment’, ‘Social’ and ‘Governance’. ‘Environment’, which is potentially the largest area of the three, is divided again into physical risks and transition risks. Physical risks describe the possible impacts of extreme weather events, and transition risks are those that can arise as a result of the transition to a low-carbon economy (through political decisions or technological developments, for example). According to the BaFin, the Guidance Notice is a ‘compendium of non-binding procedures’ and the measures to be taken by the companies should be based on the type, magnitude and complexity of the risks involved (principle of proportionality).},
  language  = {en}
}