• Gustavo Bernal Torres

Global Survey of Climate Risk Management at Financial Firms: Taking the Next Steps

GARP Risk Institute recently completed its third annual Global Survey of Climate Risk Management at Financial Firms.

  • The results detailed in this independent, comprehensive report are an eye-opening look at how financial institutions seek to measure and manage both the financial risks and opportunities associated with climate change through the lens of governance, strategy, risk management, metrics, scenario analysis and disclosures.

  • Among the key takeaways: Use of scenario analysis is increasing and becoming more mainstream. Around 70 percent of firms are using it, with a rising number employing scenarios as a regular part of risk assessment, and with more firms using their main stress testing infrastructure/technology.

Source: https://climate.garp.org/insight/2021-climate-survey/

0 comments

Recent Posts

See All

A green-finance boom has not been followed by bust. This year’s greenwashing scandals, and investors’ relaxed attitude towards them, have demonstrated an important truth: that there is money to be mad

Evidence from Environmental Integration and Sin Stock Exclusion. This paper shows how sustainable investing—through the joint practice of exclusionary screening and environmental, social, and governan