Conscious that climate change affects all sectors of the economy, financial institutions are realising the significant impact this will have on their customers and, ultimately, their own profit margins. In addition, there is a greater appreciation of how their own activities can influence the evolution of climate change. During a Risk.net webinar, Complying with climate risk framework standards for streamlined processes, panellists analysed the nascent climate regulatory framework, the issues that financial firms face in assessing the types of risk climate change poses and the opportunities it presents, as well as potential ways forward.
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