New Methodologies to Help Banking Industry Assess Physical Risk and Opportunities of Climate Change Published Today
Using the methodologies banks can begin to assess physical climate risks on key credit risk metrics for climate-sensitive industry sectors.
- Using the methodologies banks can begin to assess physical climate risks on key credit risk metrics for climate-sensitive industry sectors.
- Sixteen banks, UN Environment Finance Initiative (UNEP FI) and climate risk advisory firm, Acclimatise, today published new methodologies that help banks understand how the physical risks and opportunities of a changing climate might affect their loan portfolios.
- The methodologies, published in the report Navigating a new climate, were piloted across three climate-sensitive industry sectors: agriculture, energy and real estate.
- http://www.unepfi.org
Acclimatise is a UK-based climate change advisory and analytics company that specialises in climate change adaptation and resilience building.