- Webcast -
Thursday, July 30, 2020 11:00 AM
Scenario analysis is widely recognised as one of the most important tools for understanding the impacts of climate change on your organisation. It can also help prompt longer term strategic thinking about risks and opportunities. Despite this, findings from GARP’s second annual Global Survey of Climate Risk Management found scenario analysis to be amongst the least mature elements of climate financial risk management across firms. It is clear that a significant gap exists between the need for climate scenario analysis and the capabilities to fully utilise this tool.
It is this gap that recently published guides from the NGFS and CFRF hope to address. The NGFS Guide to climate scenario analysis for central banks and supervisors and the Scenario Analysis chapter from the Climate Financial Risk Forum Guide 2020, both published in late June, will provide firms with an important insight into emerging regulatory activity, as well as provide practical steps for developing the use and deployment of scenario analysis.
To help us explore this set of resources we are fortunate to be joined by Theresa Lober, Head of the Bank of England’s Climate Hub. As part of her role, Theresa has worked closely with the NGFS on the production of these publications and is ideally situated to help us digest their contents.
Through this webcast you will gain an understanding of:
Theresa Löber, Head of Climate Hub, Bank of England
Jo Paisley. Co-President, GARP Risk Institute