Victor Cardenas-Santiago — BlogWeekly notes on disaster risk finance, climate credit risk and the financial side of disasters.https://victorcardenas.org/Most banks are still counting emissions. The ones that moved on have a harder question.https://victorcardenas.org/blog/2026-10-20-most-banks-are-still-counting-emissions.htmlhttps://victorcardenas.org/blog/2026-10-20-most-banks-are-still-counting-emissions.htmlIFRS S2 asks banks to disclose climate risk but does not say how to measure it. Most institutions answered with emissions accounting. The few that went further now face a problem the standard never specified: how physical climate risk enters credit metrics at all.Tue, 20 Oct 2026 00:00:00 GMT