Global banks start targeting a new breed of real estate risk

BNP Paribas SA Headquarters And Branches As France's Largest Bank Pledges Cost Cuts

LONDON: At some of the world’s biggest banks, loans to commercial real estate face new litmus tests that promise to shape the sector’s access to financing.

At issue is the carbon emissions of buildings and the expected cost of upgrades needed to stay on the right side of new green regulations.