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  • Addressing challenges of physical climate risk analysis in financial institutions
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Addressing challenges of physical climate risk analysis in financial institutions

Source(s):  Center for International Climate Research (CICERO)
Institute for Climate Economics (I4CE)

This report summarizes the practical lessons and resources from a 3-year collaboration between climate experts and financial institutions for the ClimINVEST European research project. It explains how four major challenges were partly mitigated during the project:

  1. the tragedy of the horizon;
  2. the black box of climate services;
  3. data accessibility;
  4. the quantification of financial impacts.

The report also provides priority action points for financial institutions and their stakeholders. The report concludes that financial actors have a key role to play for the integration of physical climate risk in the financial sector. However, combined action of a broader range of actors is needed to quickly overcome the challenges.



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  • Addressing challenges of physical climate risk analysis in financial institutions
  • Publication date 2021
  • Author(s) Hubert, Romain; Marginean, Iulia; Cardona, Michel et al.
  • Number of pages 26 p.

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