As climate change continues to disrupt the global financial system, banking institutions must act and prepare for the potential risks. In 2023, it's forecasted that the financial sector will face even more challenges.
A year at war. Russia invading Ukraine exposed vulnerabilities in the global energy market. What implications will long-term climate risks have on energy projects?
Insurance companies play a crucial role in providing peace of mind. Still, the slow-moving climate crisis of the last 5 years has led to billions in claims from uninsured losses. As we head into 2023, insurers must understand evolving climate risks to better prepare for the increasing frequency & severity of climate-related disasters.
The financial sector must accurately capture climate risk impact on balance sheets. Where should they be reflected in regulatory capital frameworks? How might systemic policies complement banks’ own risk management and supervision?
The ‘new normal’ of heatwaves across Europe has dramatically increased in both frequency and severity at a faster rate than almost any other part of the planet. What is the challenge from wildfire posed to firms?
As Qatar hosts the FIFA World Cup, increasing effects of climate-induced heat are becoming more prevalent in the region. How will physical risk impact organisations across the GCC region?
The recent years have gotten us used to news about climate change-related extreme weather events. Unfortunately, this year is no different – only its first half saw some of the worst destructions of assets to date.
Where should they be reflected in regulatory capital frameworks? How might systemic policies complement banks’ own risk management and supervision?
This year’s COP27 climate summit has drawn to a frantic close! It has been a COP full of criticism, outcry, and hope but what did it all mean for industry professionals?
In the face of mounting risks across the globe, COP27 is looking beyond mitigation and paying attention to adaptation action. But why should we look beyond mitigation?
COP27 aims to level up and enable intergovernmental commitments, public, and private funding to advance the implementation of targets.
With climate change causing macroeconomic implications relevant for monetary policymakers, what does the Bank of England have to say on the subject in its recent contribution?
Although banks improved their climate risk management processes, Sam Woods' letter expresses the need to deliver more effective climate risk strategies.
