Updates from around the world dealing with regulatory requirements, climate change, events and more.
In recent years, the banking sector has intensified its focus on sustainability, driven by the integration of climate risk management frameworks. This article explores how Central Banks in the UK and EU are approaching climate stress testing and scenario analysis, adapting to climate risks and examining the evolving role of regulators in shaping resilient financial systems.
The United States and Canada share similar physical climate risks due to their geographical proximity, facing challenges for real estate valuation in both countries. Learn how local factors, such as regulations and regional climate and geography, impact property values and mortgage lending in the U.S. and Canada.
Canadian regulators support ISSB Standards adoption but may be cautious in mandating them due to complexities. This article delves into the challenges and advancements of climate-related financial disclosures in Canada's banking sector. Discover how regulatory bodies are navigating the transition to align with global norms while considering local economic realities.
Earlier this year, the NGFS released its recommendations report for Sustainable and Responsible Investment (SRI) in central banks’ portfolio management, highlighting challenges in chronic physical risk assessments. In this article, we explore key methodological and data challenges and potential solutions central banks should consider to enhance their sustainability risk management.
One of the Bank of England's roles is to manage and mitigate systemic risks such as climate change. Discover their actions, impacts on the property market, and opportunities to enhance these measures to ensure long-term economic stability and resilience in the face of climate change.
Recent frequent and severe UK flooding impacts property values and loans, prompting regulatory changes. This article explores five perspectives on how rising flood risks shape the property market, flood maps, damages, and regulations.
The German property market faces climate risks like extreme weather and shifting precipitation patterns. Discover how Financial Institutions are mitigating physical climate risks, adopting innovative strategies to bolster resilience and supporting property investors against these challenges.
Many coasts around the world are eroding, placing significant values of assets at risk of being flooded or destroyed. Financial institutions and asset managers need data to know about the reasons for these physical risks from coastal erosion to then make informed and successful adaptation and retrofitting decisions.
In the wake of the UEFA Euro 2024, discover how climate change could impact Germany's stadiums. We assess Leipzig's Red Bull Arena, that hosted Group Stage and Round of 16 matches. Will this stadium still be able to host international tournaments in the future?
Physical risks from drought are shifting rapidly, with plenty of data available to analyse these risks. Asset managers can model the risks to select and implement drought adaptation measures.
What really defines a drought? From its impacts on agriculture to its economic toll, we explore the intricate details of this global challenge.
Humanity is changing the climate which affects the oceans, especially through rising sea levels. Financial institutions need data to know about the physical risks to their coastal assets from sea-level, in order to make adaptation decisions.
Physical risks from flooding are shifting rapidly. In this article, we explore the variety of options that exist for retrofitting and adapting properties, so asset managers can select the most cost-effective combinations for their portfolios.
