Webinar recordings – presentation of outputs of the unep fi working group on assessing climate-related physical risks

These two webinars discuss the results of a collaboration between sixteen of the world’s leading banks with UN Environment Finance Initiative (UNEP FI), and climate risk and adaptation advisory firm Acclimatise, which resulted in the report “Navigating A New Climate”. The banks set out to develop and test a widely applicable scenario-based approach for estimating the impact of climate change on their corporate lending portfolios as recommended by the Recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD).

Key points

The webinar focused on the physical-related risk and opportunities, which is the risk resulting from climate variability, extreme events and longer-term shifts in climate patterns, and constitutes the second in a two-part series publishing both the physical risk and transition risk assessment methodologies developed through the Working Group’s collaboration.

Webinar 1

Introduction – Simone Dettling, Banking Team Lead, UNEP FI
Presentation of the physical risks & opportunities methodology – Richenda Connell and John Firth, Acclimatise
Piloting the Developed Methodology – Case Studies from Participating Banks – Alexandra Dumitru, Rabobank | Guy Stevens, ANZ

Webinar 2

Introduction – Remco Fischer, Climate Team Lead, UNEP FI
Presentation of the physical risks & opportunities methodology – Richenda Connell and John Firth, Acclimatise
Piloting the Developed Methodology – Case Studies from Participating Banks – Nicole Vadori and Frank Yang, TD Bank Group | Simon Connell, Standard Chartered