Internationally, a growing number of financial institutions and regulators are recognising the major and material financial risks that climate change poses to financial stability. Physical and transition risks associated with climate change are already leading to stranded assets, with additional value-at-risk estimated in the trillions of dollars. Ensuring the resilience of investment and lending portfolios alike will require financial institutions globally to integrate the assessment of climate change and other sustainability-related risks and opportunities into decision-making processes and governance. This workshop will provide participants with a practical perspective on climate risk and the steps they can start taking to integrate climate change into their business strategies. This will include an overview of how climate change creates different types of material risks and opportunities, understanding the Recommendations of the Taskforce on Climate-related Financial Disclosures and hearing firsthand how regulators, international investors, and banks have acted to address climate risk so far, including their support for and implementation of the TCFD recommendations.
Event Secretariat |