Frances Schwartzkopff,
Frances Schwartzkopff is a financial journalist at Bloomberg News. She covers banking and finance with a focus on global banks' efforts to address climate-related emissions risk. Prior to joining Bloomberg, she worked at The Wall Street Journal as a reporter covering the same beat.
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The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
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Recent Articles
BNP Paribas and the European Union's EPBD: Decarbonizing Commercial Real Estate and Mitigating Rising Costs by 2030
Broke On: Sunday, 02 June 2024Commercial real estate, responsible for 37% of global carbon emissions, faces increasing regulations and financing challenges due to its carbon footprint and climate risk. The European Union's Energy Performance of Buildings Directive (EPBD) is a growing trend in net zero regulations impacting commercial real estate financing. Banks like BNP Paribas aim to reduce emissions intensity, while insurance costs have nearly doubled due to extreme weather events. Building owners can mitigate risks through prevention measures, but systemic risk is growing for leading lenders.