Financialnewsweek.com’s Post

Uncertain about how to get started with introducing #ClimateRiskAssessments into your portfolio? The newest blog in our series on Managing #ClimateRisk provides a step-by-step guide on how your #FinancialInstitution can get started with a proven framework to more effectively measure the impact of climate risk on your portfolio. https://bit.ly/4dqGK8F 

Navigating climate risks: 3 strategies for building resilient financial institutions

Upcoming Webinars 🌍 We're excited to announce next series of webinars tailored for banks. GCD Climate Risk Focus Group fosters a collaborative environment where banks can share insights, discuss current topics, and explore solutions to tackle these pressing challenges together. 📅 Mark Your Calendars! Details on the webinar, speakers, and registration will be shared soon. Sign up for the focus group to stay informed. #GCDWebinar #bybanksforbanks #ESG #Climate #ClimateStressTesting #ClimateScenarios #creditrisk

The Climate Change course at the Principles for Responsible Banking Academy aims to raise learners’ awareness and knowledge of #climatechange, better understand the impact that it has on their institutions and how to mitigate climate risks, while implementing the Principles for #ResponsibleBanking framework. Learn more and enrol here: https://ow.ly/Mwzu50RiM8G #PRBAcademy

Crystal-clear graph from a recent -and interesting!- Worlds Bank's report showing the climate finance gap in emerging markets and developing economies (EMDEs). Only 14% of climate finance is directed to EMDEs, and of that, just 16% goes toward climate #adaptation. This is a huge challenge. Strengthening climate finance capacities in EMDEs is absolutely key to addressing this gap. Access the report here: https://lnkd.in/e-uYqfbP Stori Federico Manolio Chetan Hebbale, PMP

🗣️ Magali Caroline Van Coppenolle, Global Head of Policy, Climate Bonds Initiative, shares valuable insights on the critical topic: ‘Bad Banks - What to Do with Stranded Assets?’ 💡 Discover the strategies and solutions being explored to address this pressing issue in the financial transition to a sustainable future. #ClimateBondsCONNECT2024 #SpeedandScale

Today on World Environment Day, the United Nations flagship day for encouraging global awareness and action to protect the environment, we encourage you to ask the question: should you incorporate climate change into your credit risk assessment? At Happy Prime, we believe the answer is yes and there are several reasons for why doing so is not only prudent, but also essential for the long-term stability of the financial industry. Find out why here: https://lnkd.in/gSeVhpje #WorldEnvironmentDay #ClimateChange #NewZealandFinance #CreditRiskSpecialists #FinanceInnovation

𝗔𝗿𝗲 𝗴𝗹𝗼𝗯𝗮𝗹 𝗯𝗮𝗻𝗸𝘀 𝗳𝗮𝗹𝗹𝗶𝗻𝗴 𝘀𝗵𝗼𝗿𝘁 𝗼𝗻 𝘁𝗵𝗲𝗶𝗿 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 𝗽𝗿𝗼𝗺𝗶𝘀𝗲𝘀? Our new study reveals significant gaps in global banks’ transparency around their net zero targets. 🌍 The findings underscore the need for improved regulatory frameworks to drive the financial sector towards more robust climate commitments. Our Study also highlights regional disparities, comparing several countries and regions. It underscores the urgent need for global banks to improve climate disclosures and adopt science-based targets. For more information and to access the management summary, please visit: https://lnkd.in/dufTGygA Marion Ehringhaus Michael Diaz Luciano Leone

Carbon pricing and international carbon markets play a significant role in global efforts to mitigate climate change by providing economic incentives for emission reductions and fostering cooperation among countries and entities. However, addressing the challenges and ensuring the effectiveness and fairness of these mechanisms will be critical in achieving long-term climate goals. Here is the World Bank reports on carbon pricing and international carbon markets, providing insights into the state and trends of these mechanisms globally. #worldbank

Nearly 95% of all historical spending on climate change has been dedicated to prevention and mitigation. However, with the climate effects escalating in severity, we must pivot to a focus on long-term adaptation. Thanks to their unique position as lenders with a rich history of assessing climate impact, banks can serve a crucial role in helping companies advise on and fund projects related to climate adaptation. Banks that apply their data and evolve their services to help companies address climate change can benefit in what is shaping up to be a multi-trillion-dollar market. In BCG's latest article, "Leading Banks Are Shifting from Assessing Climate Risks to Helping Clients Address Them," Amine Benayad, Andrea Castoldi, Veronica Chau, Mehdi Ifourah, Giovanni Lucini, and Annika Zawadzki expound on the power that banks hold in climate action. Read here: https://lnkd.in/eB2QFa8V #GreenFinance #ImpactInvesting