In the heart of Paris, amidst its romantic charm and iconic landmarks, a climate crisis looms, with temperatures predicted to reach a scorching 50°C by 2050. To combat this threat, the city has launched a Climate Action Plan, striving for carbon neutrality, but what are the risks?
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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.
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.
We sit down with Russel Playford, Climate X's new Advisor, as he tells us about his background and his work with Climate X.
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.
Climate X welcomes Russell Playford, ex-CRO of Bank of the West and RBS Americas, as Advisor to boost risk solutions for finance customers, redefining financial resilience against climate change.
Climate X announces David Carlin as Advisor. David is the Head of Risk at the United Nations Environment Programme Finance Initiative (UNEP FI), an expert in the climate risk space known for leading the way in implementing climate risk practices in the financial sector.
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.
Climate X appoints Sunil Kappagoda to their Advisory Board. With his extensive background in consulting for top global banks and his experience serving on the boards and advisory panels of numerous fintech companies, Kappagoda brings valuable strategic insight to the team.
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.
