Crédit Agricole’s P9XCA methodology to assess the materiality of climate risks
It was decided in 2015 to initiate an Action Plan (as part of the Group master CSR program FReD) to assess the importance of the climate risks (physical, transition, legal) at different point in time (short term, medium term, long term) and work on a methodology for assessing at the client level the risk identified…
Key points
A sector and issue-based approach (P9XCA methodology) enables assessing materiality of the transition risk under a set of scenarios
This approach constitutes a first step for developing stress tests