Embedding climate risk into decision-making

Brunswick convened high-level discussions during New York Climate Week on the financial industries’ role in the climate transition. This blog captures reflections from those in attendance, and industry views on the most material developments announced throughout the week as focus intensifies on the role of finance in the climate transition.

This blog from the Institute of Directors explores climate risk and in particular examines the recent case brought against oil major Shell and what this could mean for directors.

TCFD guidance on scenario analysis.

Scenario models have formed a substantive part of managing financial risk for years. WTW look at how climate impacts – and transition - bring new subtleties to the way organizations and governments understand and use them.

In this three-part series on climate scenario analysis, KPMG examines banks and other financial institutions’ end-to-end climate risk scenario analysis models.

While climate risk management at all financial institutions has significantly progressed in recent years, differences remain between leading firms and those that are less advanced. In this new report, GARP Risk Institute examines key trends from the previous four annual Global Climate Risk Surveys to offer a holistic view of the evolution of climate risk practices

This report sets out the Bank's latest thinking on climate-related risks and regulatory capital frameworks. The report includes updates on: capability and regime gaps; capitalisation timelines; and areas for future research and analysis.

GARP’s Fourth Climate Risk Management Survey was undertaken in Q2 2022. The survey comprised 62 firms, which collectively had around USD43 trillion of assets on their balance sheets, managed assets of close to USD46 trillion, and accounted for about USD3.2 trillion in market capitalization. Just over 80% of these firms have undertaken climate scenario analysis. Read the report here.

This guidance from The Law Society can be used to pre-empt the climate change risk your organisation faces and do business competently and compliantly.

Lawyers will play a vital role in the net zero transition. Developed by the Centre for Climate Engagement in partnership with the Net Zero Lawyers Alliance, the Law & Climate Atlas provides overviews of how climate change is shaping different areas of law, and how these areas might help drive climate action.

Why try the Board Scorecard?

Watch Deloitte’s Chair's Guide to Valuing Nature Panel from Deloitte's WEF Davos 2023 livestream series. Throughout the series, they feature leaders from around the globe as they explore Cooperation in a Fragmented World.

In collaboration with HSBC, this event was designed to help non-executive directors of financial institutions understand how to approach climate risk in the board debate and ensure that their institutions develop an appropriate climate risk governance and framework.

Climate change is a risk multiplier, generating increasingly unprecedented impacts on assets, supply chains, infrastructure and regulations across jurisdictions. This interactive scenario explored managing a disorderly transition.