Climate change, and our response to it, will alter nearly every aspect of our societies. Financial institutions, markets, and regulators have increasingly recognized that climate risks are financial risks. To thrive in the 21st century, financial firms must understand the nature of climate risk and identify new opportunities in a changing world. This session will discuss the variety of climate risks that can affect financial institutions as well as methods of identifying, measuring, and managing those risks. We will offer perspectives from the ongoing work of the United Nations Environment Program- Finance Initiative's (UNEP FI) climate programs. In recent years, these programs have engaged global banks, investors, and insurers on the critical topics of climate risks and opportunities.
- How does the financial industry think about climate risk
- What are ways that a firm can assess its climate risks and opportunities
- What are expected regulatory developments in this space around assessment and disclosure