This chapter on Risk Management provides practical guidance on how to address climate risks within financial institutions. It describes good practices but is also designed to act as a guide for those who have yet to fully consider the topic, where case studies are included they are consistent with this approach. It has been produced by the Risk Management Working Group of the Climate Financial Risk Forum.
The guide is aimed at banks, asset managers and insurers of all sizes. Some of the information in this guide may be more or less relevant for different firms depending on the scale and nature of their business and their risk profile.