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Article name & author

Climate Change Risk Management in Financial Services

Author: Parker Fitzgerald

Industry Group: Financial

Guidance / Tool - 2019

Incorporating climate change risks into the existing risk management framework will likely be the best way forward. For many, this will be challenging and may take many years – each firm must therefore carefully define its priorities and development path now.

This paper suggests 8 steps that financial institutions should start with including adequate coverage of and accountability for climate change at board and executive levels, and identifying the most material climate drivers for the current business model.

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Keywords: Climate-related risk
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