Measuring and managing Climate Financial Risk is becoming critical for financial industry firms. Recently, the Bank of England released a Supervisory Statement outlining how they expect banks and insurers to ramp up their financial risk response to climate change. The Bank of England delivered a clear message to firms on their need to improve resilience to climate change.
Firms now have to see climate change as a financial risk and no longer just a reputational risk.
All this considered, we seem to be quickly ramping up to consultation and then prudential regulation in response to the material financial risks of climate change.
At the very least, over the next 12 - 18 months, we expect to see significant risk management programmes in response to climate risk being built out.
Whilst early publications by the BoE on Climate Financial Risk have been pointed to the larger banks and insurers, the publications point out that these programmes will be vital for any firms with “large exposure to climate risk due to geographic or sectoral concentration”.
This 90-minute session will be tailored to your company's specific requirements. Our Risk Consultancy Director, Ross Molyneux, will cover the following areas:
We suggest 4 to 8 staff members attend this workshop.
This workshop will be of benefit to anyone who is likely to be affected by the challenges in implementing a robust Financial Climate Risk framework, including Board members, senior management, legal, compliance and those employees at the coalface.
We suggest relevant departments may include but are not limited to:
Bespoke workshops are participative and interactive. The presentation will combine key formal presentations, case studies and syndicate discussion sessions. There will be an opportunity for attendees to benchmark experiences with their colleagues and raise issues of most concern to their organisation.
Our courses can be delivered in-house and made bespoke to your company, business model, products and language. As your learning partner, we can help you every step of the way from engaging with multiple stakeholders and carrying out a learning needs analysis to confirming desired outcomes, solution design and delivery.
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