The data needed and the products to use to calculate physical risk and transition risk, in terms of ESG and climate risks can be mindboggling. This webinar recording from the Financial Services Faculty will provide an expert view for a business audience.

Businesses are increasingly grappling with their role in working towards a better understanding of how to manage ESG risks effectively. Climate risks typically fall into two categories:

• Physical risks, including ‘shocks’ from extreme weather events and ‘stressors’, such as increasing precipitation or heating and cooling degree days;
• Transition risks owing to changing market demands and climate-related policy interventions. The likelihood and impact of these two types of risks depends on how the world responds to climate change.

To understand and mitigate climate-related financial risks, one of the key recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD) focuses on the resilience strategy of an organisation, taking different climate-related scenarios into consideration.

So the real question is...where does your organisation sit within this challenge and are you prepared?

Watch and listen to this webinar recording to find out more...

First broadcast on 21 September, 2021.

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