UNEP FI’s latest: “The 2023 Climate Risk Landscape”

Here’s an excerpt from this post by Zsuzsanna Tajti about UNEP FI’s latest report entitled “The 2023 Climate Risk Landscape“:

𝐓𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐝𝐝𝐫𝐞𝐬𝐬𝐞𝐬 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐢𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐬’ 𝐜𝐫𝐮𝐜𝐢𝐚𝐥 𝐧𝐞𝐞𝐝𝐬:

Physical climate change impacts are becoming increasingly prevalent, “affecting almost every human and natural system across the globe”. In the meanwhile, our economies are transitioning to a net-zero (or at least to a more sustainable) future.

Consequently, companies & communities need to:
– build climate resilience to address physical risks and
– contribute to a #sustainable future to win in the transitioning #economy.

𝐖𝐡𝐢𝐜𝐡 𝐭𝐨𝐩𝐢𝐜𝐬 𝐝𝐨𝐞𝐬 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐜𝐨𝐯𝐞𝐫?

Significant developments & advancements have taken place since the publication of UNEP FI’s corresponding previous reports, therefore the objectives of this new analysis are to provide an overview of:

– industry & #regulatory developments and climate risk assessment related market updates,
– a broad range of transition & physical risk approaches (incl. underlying climate scenarios, #risk types, methodologies),
-the ways how banks can use climate risk tools, and
– a roadmap delineating how to choose from the available full range of potential options.

𝐇𝐨𝐰𝐞𝐯𝐞𝐫, 𝐭𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐬𝐭𝐢𝐥𝐥 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐟𝐮𝐫𝐭𝐡𝐞𝐫 𝐢𝐦𝐩𝐫𝐨𝐯𝐞𝐦𝐞𝐧𝐭𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝…

UNEP FI will closely follow up on the developments and support financial institutions by
– providing platform for dialogues via e.g. the Climate Risk and TCFD Programme,
– assisting financial institutions in better understanding the diverse & dynamic landscape of climate risk tools by carrying out detailed analyses as joint exercises, and
– sharing experience & knowledge through information sessions, webinars & publications such as this latest excellent report.