Assessing and disclosing climate-related financial risk


Physical climate risk has emerged as a prominent threat to the financial sector and the global economy. Understanding investments’ exposure to risk from climate hazards is a critical step toward building resilience.

Public companies bury such risks, UC Davis researchers suggest.
University of California, Davis
Climate change has many catastrophic consequences, including droughts, floods, wildfires, heat waves, rising sea levels and biodiversity loss. These all have adverse implications for social cohesion, economic development and financial stability.
Conversation Media Group, the
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The Bank of England (Bank) has published the results of the Climate Biennial Exploratory Scenario to explore the financial risks posed by climate change for the largest UK banks and insurers (participants).
Bank of England

This paper discusses how banks can prepare for future technological innovations, with a focus on the post-trade process where we see most of the ongoing and planned activities taking place. It also presents an outlook into the coming years and

Fed supervisors have begun pressing large lenders to detail the measures they are taking to understand how climate-related events could impact their loan books.
Thomson Reuters

This report discusses how under all possible scenarios, climate-related risks will have consequences for the economic outlook, for the financial system in which central banks operate and, thus, for the conduct of monetary policy. The timing and severity

The Central Banks and Supervisors Network for Greening the Financial System Banque de France
The new law will require banks, insurers and investment managers to report the climate impacts of their businesses and explain how they will manage risks.
Thomson Reuters
New report assesses how rising concerns about climate change affect disclosures to financial markets.
Brookings Institution, the

This report assesses how rising concerns about climate change are affecting disclosures to financial markets by looking systematically at 10-K filings from the 3000 largest U.S. publicly traded firms over the last 12 years and samplings ofOfficial

Brookings Institution, the
Dust storms are a hazard of climate change, yet leading financial disclosure initiatives fail to include this and other hazards in their physical climate risk assessment guidance. amazingsdj/Pixabay
Further work is needed to help bridge science and the private sector on issues of climate impacts. Our new analysis reveals several important gaps.
World Resources Institute