Greek enterprises face a significant increase in credit risk from their transition towards the green economy, Deloitte Greece said in its “Transition risk exploratory impact assessment exercise for Greek Large Corporates” survey conducted by its group of Climate & Environmental Credit Analytics of Risk Advisory, ANA reports.
The evaluation test was conducted on a sample of 821 large Greek enterprises with an annual turnover of more than 20 million euros in 2021, from 96 sub-sectors of the economy. The test examined three alternative scenarios of the Network for Greening the Financial System (NGFS) with a 30-year horizon on the price of CO2. The three scenarios are orderly transition, disorderly transition, and hothouse world.
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