Climate Risk Leadership: Lessons from 4 Annual Surveys
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
Bank of England report on climate-related risks and the regulatory capital frameworks
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.
Climate Scenario Analysis in Financial Firms
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.
Summary: Independent assessment of UK climate risk
The Climate Change Committee has published its third independent climate risk assessment for the UK. Here is a summary of the key points, with a focus on the headlines for business.
Organisations' preparedness for climate change: an internal audit perspective
The Chartered Institute of Internal Auditors and the Climate Group share the results of their climate change survey of Chief Audit Executives in the UK and Ireland.
Is Your Brand at Risk from Climate Change?
This is some years old but still relevant today: the Carbon Trust commissioned Lippincott Mercer, a leading brand advisory firm, to undertake the world's first major study of brand value and climate change.