TCFD

Climate Change, Publications, Risk, TCFD | 13 May 2022

Economic Impacts of Climate Change: Exploring short-term climate-related shocks with macroeconomic models

This report features new climate-driven macroeconomic shock scenarios developed with UK-based National Institute of Economic and Social Research (NIESR) as part of UNEP FI’s Taskforce on Climate-related Financial Disclosures (TCFD) Programme. It provides an in-depth analysis of the economic impacts of these scenarios for financial institutions and recommendations for using short-term scenarios.

Adaptation Finance, Climate Change, News, TCFD | 14 February 2022

One year on from commitments on adaptation: lack of risk data and standards delaying progress

In January 2021, UNEP FI and the Global Commission on Adaptation (GCA) came together with ten financial institutions from across banking and investment to commit to disclosing their risks from the physical impacts of climate change. UNEP FI’s Paul Smith reviews the progress made by the group, explains the importance of this commitment, and the issues facing financial institutions trying to accurately disclose their physical risk.