United Nations Environment Program UNEP | April 2024
In 2023, temperatures shattered records with a 116-day streak of peak temperatures. As the urgency of addressing and adapting to the pressing threat of climate change rapidly grows, the financial sector recognises its pivotal role in addressing climate risks, and financial institutions are increasingly looking to integrate climate change-related risks into their strategic frameworks.
The 2024 Climate Risk Landscape Report serves as a comprehensive resource delving into the available tools for financial institutions to assess physical and transition climate risks and boost their institution’s resilience to related impacts.
This edition provides best practices for tool use, case studies, and recommendations for navigating the dynamic climate risk tools market. It also offers insights into the rapidly evolving regulatory developments around climate-related disclosure frameworks and recent market developments.
The report is not just a standalone effort but a continuation of the foundational work of the UNEP Finance Initiative’s Climate Risk and Task Force on Climate-related Financial Disclosures (TCFD) Programme. This ensures that the report is designed with the specific needs of banks, insurers, and investors in mind. It aims to enhance their capabilities in climate risk management and facilitate the global transition towards sustainability.
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