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RiskMetrics to Hold a Webcast on ESG Risk in the Banking Sector on March 24 at 11am EDTSubmitted by: Sarah Cohn, Communications

The global banking sector is currently suffering through the most challenging and transformational financial crisis of a generation. Many banks failed to take seriously broad categories of sustainability-related risk, including high risk consumer finance assets, high risk corporate assets, and volatile commodity costs.

RiskMetrics will be hosting a webcast on Tuesday, March 24 at 11AM EDT that will examine global banks? exposure to these sustainability risks, and assess which are best equipped to manage those risks effectively. Gregory Larkin, banking sector analyst on RiskMetrics? sustainability research team, will address the following questions:

? What are the consumer assets banks are exposed to?

? How much of these assets are underpinned by borrowers who can?t pay them back?

? What is the sustainability risk intensity of the companies that banks have financed?

? How much money might be lost if and when these risks materialize?

Dr. Matthew Kiernan, Co-Head of RiskMetrics? ESG Business, will moderate the webcast. To register for the webcast, please visit here.

Full post as published by Institutional Shareholder Services -- Corporate Governance Blog on March 20, 2009 (boomark / email).