These two webinars discuss the results of a collaboration between sixteen of the world’s leading banks with UN Environment Finance Initiative (UNEP FI), and Acclimatise, which resulted in the new report “Navigating A New Climate”.
The banks set out to develop and test a widely applicable scenario-based approach for estimating the impact of climate change on their corporate lending portfolios as recommended by the Recommendations of the TCFD.
The webinar focussed on the physical-related risk and opportunities, which is the risk resulting from climate variability, extreme events and longer-term shifts in climate patterns, and constitutes the second in a two-part series publishing both the physical risk and transition risk assessment methodologies developed through the Working Group’s collaboration.