Grantham Institute – A guide to building climate-financial scenarios

Creating climate scenarios that serve the needs of the financial system is challenging. They are needed to understand the potential economic and financial impact of transitioning to a low-carbon and resilient economy. To be of use to the sector, scenarios need to be able to both describe the impact of emissions reduction on the financial […]

I4CE, CICERO – Addressing challenges of physical climate risk analysis in financial institutions

Started in 2017, the ClimINVEST project gathered European climate experts to work together with financial institutions to better understand the challenges of physical climate risk management in finance and develop information and resources. ClimINVEST identified four main categories of challenges that were partly addressed in the project. Challenge 1. The black box of climate services: […]

UNEP – Adaptation Gap Report 2020

The fifth edition of the UNEP Adaptation Gap Report looks at progress in planning for, financing and implementing adaptation – with a focus on nature-based solutions.  It finds that while nations have advanced in planning, huge gaps remain in finance for developing countries and bringing adaptation projects to the stage where they bring real protection […]

AMF – TCFD climate reporting in the financial sector

The study aims to make an initial assessment of current climate reporting practices to provide guidance in an educational manner to assist financial market participants when publishing climate information. It may also help them prepare for the forthcoming entry into force of the European Regulation on Sustainability-Related Disclosures in the Financial Sector (“Disclosures” or “SFDR” […]

UNEP FI – Beyond the Horizon

Thirty-nine global financial institutions from six continents participated in UNEP FI’s second TCFD banking programme. Through this yearlong engagement, the participating banks collaborated with climate risk experts and each other to improve financial assessments of transition risk. In doing so, these banks built on the industry-leading transition risk methodology developed by UNEP FI and Oliver […]

UNEP FI – from disclosure to action: applying TCFD principles throughout financial institutions

In UNEP FI’s TCFD Banking program, thirty-nine global financial institutions across six continents worked to improve their climate risk assessments and disclosures. The participating banks recognized that effective climate risk management demands disclosure be accompanied by the integration of climate risk principles throughout an organization. This report provides a stock-take on the myriad ways financial […]