Risk
US regional banks team up to tackle climate risk
The Risk Management Association’s new consortium could reduce the climate change learning curve for smaller lenders Wall Street does not have a monopoly on banking…
Four Ways Climate Change Impacts Businesses
Climate change is a systemic risk. It is impacting all aspects of the global economy and poses challenges to each and every business — large…
What Jamie Dimon’s letter says about Wall Street and climate risk
The JP Morgan chief’s annual missive sheds light on bank attitudes to transition risk, the low-carbon transition, and financial regulation Two influential papers grabbed headlines…
Climate Risks, TCFD, and REITs
In his 2021 annual letter to CEOs, BlackRock CEO Larry Fink stated that “no issue ranks higher than climate change on our clients’ lists of…
TCFD Risk Management White Paper – What Does Good Look Like
In today’s climate landscape, climate risks are business risks. That’s why the risk management pillar of the Task Force on Climate-related Financial Disclosures (TCFD) tackles…
Climate Risks for Asset Managers
Climate change impacts are already manifesting in extreme weather events and increasing temperatures. The global response to these impacts is also making itself felt, through…
Climate Trends: The IPCC’s latest report highlights the scale of climate risks
Intensifying climate risks are already pushing the limits of nature and humanity and threaten to surpass the world’s ability to adapt if greenhouse gas emissions…
Pillar politics: which part of the Basel framework is best for tackling climate risks?
Two recent papers offer contrasting views on Pillar 1 and Pillar 2 as tools for addressing banks’ exposures to climate risk Three ‘Pillars’ undergird the…
Why financial institutions are still lagging on climate risk management
A recent study suggests that resource constraints, concerns over regulation, and the allure of climate opportunities may all be slowing firms’ work on risk management…
Assessing and Tackling Climate Risks for Banks
As global warming wreaks havoc across the world, there is a growing awareness that physical and transition risks threaten banks and the wider financial system….