ClimateCorpGov_200205_3_Panel1-8542

Climate Corporate Governance for Financial Institutions - Building resilience to climate change risk

 

During the past decade, with extreme weather causing hundreds of USD billions of

losses per year and the changing climate intensifying the adverse effects of wasteful

practices, environmental considerations have overtaken economic concerns as the

main sources of global risk, according to the World Economic Forum.

 

Financial regulators and the European Union are responding with recommendations

and guidance on the disclosure of climate-related financial risks to help integrate

sustainability into investor portfolio management. Credit rating agencies are

developing new ways to anticipate how climate-related risks could impact businesses

and financial institutions.

But is this enough?

 

To assess whether the financial sector is adequately equipped, the EBRD is brought

together representatives from financial institutions to share their practical experience

of the ‘what’ and ‘how’ of climate-related risk management.

The event discuseed ways to achieve an effective investor-led climate response

via climate corporate governance, standards-based climate finance, climate risk

management, climate-related capital market products.

 

 

Done