Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
Financial institutions worldwide are actively studying ways they can integrate climate risk management into their more traditional risk frameworks Conscious that climate change affects all sectors of the economy, financial institutions are realising the significant impact this will have on their Read More …
Banks and regulators wake up to climate risks For banks, the transformation begins now. Those that fail to navigate the path to a low-carbon economy could be slapped with billions of dollars in fines and settlements, warned Stuart Lewis, group Read More …
Insurance policies targeted at losses occasioned by climate risks such as drought, flooding and extreme heat present the next growth opportunity for Kenya’s under-performing insurance sector, experts say. Industry insiders say the industry is looking at developing products that include Read More …
Risk is “the potential for consequences where the outcome is uncertain and something of value is at stake” (Intergovernmental Panel on Climate Change). It has distinguishable elements including a hazard, exposure, vulnerability, response options, values, magnitude, likelihood, and temporal characteristics, and Read More …
To address growing climate risks, businesses will have to set aside an increasing share of their cash flows. Hurricanes, wildfires, and the rise in sea levels impose costs on firms, both in preparation and response to these disasters. As the Read More …
In a widely anticipated rule published March 21, the SEC is proposing to require listed companies to disclose climate-related financial risks and metrics to investors. The SEC believes that the information will help investors make decisions about how climate change may Read More …
A key finding in the latest IPCC climate report has been widely misinterpreted, according to scientists involved in the study. In the document, researchers wrote that greenhouse gases are projected to peak “at the latest before 2025”. This implies that Read More …
A domain centric approach could help through global intergovernmental risk mitigation mechanisms In recent climate finance reports, almost all think tanks, development finance and multilateral banks have outlined the need for ‘De risking climate finance’ or ‘leveraging public finance’, or Read More …
The Surge in Climate Risk Reporting An average of $2.5 trillion—or 1.8% of global financial assets—would be at risk from climate change if global temperatures rise over 2.5℃ by 2100. Given that climate change imposes a risk to the world’s assets, Read More …
The OCC issued draft Principles for Climate-Related Financial Risk Management for Large Banks. . The draft principles provide banks with “a high-level framework for the safe and sound management of exposures to climate-related financial risks, consistent with the existing risk management Read More …