Embedding climate change financial risks
Climate change related financials risks will have to be embedded in financial services firms’ strategies and risk management and disclosed in line with the TCFD recommendations.
As businesses are diverse there is not one way of engaging in this process which requires large amount of new data and a different way of thinking. ICAEW aims to help members and give guidance to ensure that financial services firms comply with the regulatory expectations.
Following the publication of what the PRA expects from banks and insurers on managing their climate change related financial risks the subject has become much more prominent on boards’ agenda.
This webinar conversation is about where we are in this process and how we can help our members to improve not only their disclosures but embedding these risks into their strategy and risk management processes.
First broadcast on 18 November, 2019.