The Federal Reserve recently conducted its inaugural climate scenario analysis with six of the nation's largest banks, aimed at evaluating their climate risk management practices. It revealed significant vulnerabilities, as well as common challenges with data quality and modeling methods.
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The French real estate industry is grappling with climate risks and meeting housing, business, and public facility demands in a growing population. The extent to which the industry is prepared for climate risk remains a crucial question that needs to be addressed.
A disaster that does not happen saves lives – and saves money for asset managers. Discover how strategic investments in wildfire prevention and climate adaptation not only safeguard properties but also offer significant financial returns, illustrated by compelling examples and data.
Tropical cyclones can be an asset manager’s nightmare. From zero to catastrophe in a matter of days, leaving huge swathes of infrastructure as rubble in its wake. While the physical risks might have been understood fairly well in recent decades, tropical cyclones and their risks are being modified by human-caused climate change.
The Sustainable Development Goals and climate change action are often separated, with action on one risk potentially causing other problems. By combining sustainability and climate change efforts, we can effectively mitigate overall risk.
The Basel Committee recommends mandatory climate risk disclosures for banks to detail their governance, risk management and exposure to climate-related risks, aiming for standardised global climate reporting by 2026.
As the ECB makes climate risk a supervisory priority, a new study finds that 90% of eurozone banks are misaligned with EU climate law and face substantial exposure to potential credit losses.
Listed companies in Hong Kong and Singapore will be required to report climate risks in line with ISSB standards from 2025. These are the first mandatory ISSB requirements in Asia, which are expected to be followed by other APAC countries.
From the introduction of globally applicable climate disclosure standards to the publication of extensive climate risk management principles, guidance, and requirements from major central banks, 2023 was full of important developments.
The pivotal COP 28 in Dubai is approaching: the summit is set to address critical issues such as sustainable investment strategies, the balance between fossil fuel dependencies, and the transition to a greener economy.
The European Central Bank (ECB) has begun enforcement measures against banks failing to assess climate and environmental risks across their portfolios. What's the solution for European Banks?
U.S. insurance companies have faced escalating climate risks, leading firms to pull out of some states to become uninsurable. What lessons can be drawn so far to overcome future risks?
Our planet faces increasing risks from climate change: heatwaves, fires, droughts, floods. June marked the highest global temperature ever recorded. What is the effect of climate change?
