Climate change risk indexThe mining industry is susceptible to climate change risks since it has the characteristics of high exposure, high sensitivity and high substitution. Firstly, this paper reviews the impact mechanism of climate change risks on corporate financial performance from direct and ...
With the Climate Financial Impact Edition of Munich Re’s Location Risk Intelligence Platform you can quantify the financial impact of physical climate risks and bring your analysis and assessment of the physical risks associated with climate change to t
Integrating climate risk into the broader risk management framework requires an institution to understand and measure its potential exposures to climate change. Climate scenario analysis serves as a “what-if” analysis and is a useful tool to quantify the potential exposures of an institution to tran...
“Over time, if significant action is not taken to check rising global average temperatures, climate change impacts could impair the productive capacity of the economy and undermine its ability to generate employment, income, and opportunity,” the report, titled “Managing Climate Risk in the Fi...
A company needs to consider the nature of its net zero commitment, how it will deliver it and the potential financial reporting impact.In brief Focus on connectivity between financial disclosures and net-zero reporting will add clarity to how sustainability matters feature in financial statements....
support financial institutions in how they adapt their risk, strategy and decision-making processes to reflect climate-related financial risks; and help financial institutions plan how to deal with the impact of climate policies, and assess their exposure to climate-related financial risks...
Financial Risk, to the Secretary of the Treasury to engage FSOC members on this topic and report on FSOC’s activities.7 fte work of the Council on climate-related financial risks is an important component of the government’s efforts to address the potential adverse effects of climate change....
Here we show how a leading integrated assessment model can be used to estimate the impact of twenty-first-century climate change on the present market value of global financial assets. We find that the expected ‘climate value at risk’ (climate VaR) of global financial assets today is 1.8%...
Climate change is a concern for financial regulators: Greenhouse gas emissions, global warming and climate change are not only existential issues for those concerned with the future of humanity, they are also immediate concerns for financial regulators. Climate change poses a ubiquitous risk to financi...
"There is a cost policymakers need to be aware of and those costs come in terms of cross-border capital flows, in terms of the health of the global financial system, as well as in the ability of investors to diversify risk. So that cost of financial fragmentation, it's something that ...