Climate risk and the financial sector
These short videos, around 20 minutes each, look at different ways climate risk can affect financial sector businesses, with topics including disclosure, stress testing, and regulatory and legal considerations.
They are designed for an international audience and delve into areas that are unique to the financial sector, largely derived from the work undertaken by leading central banks such as the Bank of England and Banque de France, as set out by the Network of Central Banks and Supervisors for Greening of the Financial System (“NGFS”).
This series has been developed from a series of joint webinars that HSBC and Chapter Zero held in 2020, focused on how board directors could better oversee their companies’ climate transition strategies.
An introduction by Zoë KnightManaging Director, Group Head, HSBC’s Centre of Sustainable Finance
A NED perspective by Francesca Tondi Guyformer banker, board member of UniCredit Group and chair of its ESG committee
Regulatory response to risks associated with climate change
Stephanie Maier – Former Director, Responsible Investment, HSBC
Dr. Daniel Klier – Former Global Head of Sustainable Finance at HSBC
Legal implications of climate-related governance failures
Sarah Barker – Partner and Head of Climate Risk Governance, Minter Ellison
Climate disclosure, data and insights
Paul Simpson – co-founder and CEO, CDP
Scenario analysis and stress testing: assumptions and drivers
Raf Hussain – Global Head of Strategic Planning and Stress Testing, HSBC
The original Financial Services series
Here are the full webinar recordings and presentations:
How policies and regulation are evolving to respond to the climate crisis – A response from policymakers and regulators
Hosted on 5 August 2020Watch the recording
Disclosure: Status quo and roadmap ahead
Hosted on 1 September 2020Watch the recording
Scenario analysis and stress-testing
Hosted on 29 September 2020Watch the recording
Managing physical and transition climate risk
Hosted on 12 October 2020Watch the recording
The Use of Scenario Analysis in Disclosure of Climate-related Risks and Opportunities
TCFD guidance on scenario analysis.
Keeping Pace with Climate Risk and Opportunity: A Brunswick blog
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.
Setting the Scene on Climate Scenarios
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.