UNEP FI: climate change already impacting loan portfolios
Extreme weather events such as storm surges, wildfires, sea level rise, inland flooding, drought, and other hazards are already impacting banks' lending portfolios
Banks report on TCFD-linked pilot study into physical risks
A scenario-based approach to help banks estimate the climate-related physical risks in their loan portfolios has been published in response to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
New report aims to help companies disclose physical climate risks
The disclosure of physical climate risks has received less attention than reporting transition climate risks, it was claimed at the launch of a report that aims to help redress the balance.
Consultants launch software tool to quantify financial impact of ESG risks
A new software tool to help companies and investors measure the potential impact of environmental, social and governance (ESG) risks, has been developed through a collaboration between two sustainability consultancies.
Most European companies already impacted by climate change, says CDP
Most European businesses believe they are already being affected by climate change and that it presents far more risks than opportunities, according to the pressure group CDP.