In 2023, there was a record-breaking streak of 116 days with peak temperatures. The urgency to confront and adapt to the imminent threat of climate change is rapidly increasing, leading the financial sector to acknowledge its crucial role in addressing climate risks. Financial institutions are increasingly seeking ways to incorporate climate change-related risks into their strategic frameworks.
The 2024 Climate Risk Landscape Report serves as a comprehensive guide exploring the available tools for financial institutions to evaluate physical and transition climate risks and strengthen their institution's resilience against related impacts. This edition presents effective ways to utilize these tools, along with case studies and recommendations for navigating the dynamic market for climate risk tools. It also provides insights into the evolving regulatory landscape regarding disclosure frameworks related to climate issues and recent developments in the market.
Drawing on UNEP FI’s Climate Risk work and Task Force on Climate-related Financial Disclosures Programme, this report is tailored for banks, insurers, and investors aiming to improve their capabilities in managing climate risk while contributing towards global sustainability efforts.