Climate capacity-building for Financial Institutions in North America
We worked with financial regulators to design reporting requirements and conducted a sensitization program with the financial sector on risk identification, assessment, and reporting
Client context
- Clients included financial supervisors and financial institutions from the insurance and banking sectors
- Interested in exploring transition planning, disclosure practices, and target-setting
Project overview
- The initial phase of the project focused on evaluating short-term, medium-term, and long-term transition and physical risks and opportunities
- The next phase explored the different global practices that financial actors are following around strategic planning, targets, and risk management
- The final phase provided guidance and resources both to the supervisors and to the financial sector on how to continue advancing their climate practices
Results achieved
- Produced a review of the potential sectoral climate risks and opportunities as well as recommending specific actions for addressing them
- Drafted a roadmap report on how to integrate transition planning, net-zero target-setting, and climate stress tests into the financial sector