Risks 2024


Nature-related Financial Risks: a Conceptual Framework to guide Action by Central Banks and Supervisors

https://www.ngfs.net/sites/default/files/medias/documents/ngfs-conceptual-framework-nature-risks.pdf

Recommendations of the Task Force on Climate-related Financial Disclosures

https://assets.bbhub.io/company/sites/60/2020/10/FINAL-2017-TCFD-Report-11052018.pdf

European Climate Risk Assessment

https://www.eea.europa.eu/publications/european-climate-risk-assessment

Potential Material Risks - Enel

https://beyondreporting.enel.com/content/dam/enel-beyondreporting/2023/bds/en/stakeholder-engagement-and-materiality-analysis/double-materiality/pdf/double-materiality.pdf.html#potential-material-risks


"Operation Manual: Climate Risk for the Banking Industry"

This guide is intended for financial professionals to understand climate risks related to the identification, assessment and management of financial risks associated with climate change. It includes information, measures and tools that banking institutions can use to effectively manage and make informed decisions in preparing for resilience against climate-related risks that threaten banking entities.

Global Survey of Nature Risk Management at Financial Firms

GARP conducted a global study of financial risk management. The report provides an overview of current risk management practices and helps firms prioritize areas for improvement.

https://tnfd.global/knowledge-bank/global-survey-of-nature-risk-management-financial-firms/#:~:text=GARP%20conducted%20its%20first%20global,firms%20prioritize%20areas%20for%20improvement

Key findings: 

  • Almost half of the boards in the sample have oversight of nature-related risks and opportunities, with the majority of remaining firms working or intending to work on it. 
  • Natural risk is relatively new to many firms and the level of expertise is much lower than climate risk, with over 40% of firms currently still investigating whether it should be treated as a risk at all. 
  • Only 17% of companies use metrics, targets or limits to assess nature-related risk factors, with another 13% already implementing them.

Biodiversity Finance Reference Guide

https://www.ifc.org/en/insights-reports/2022/biodiversity-finance-reference-guide

A comprehensive guide that explains and simplifies the requirements for corporate sustainability reporting directive (CSRD) physical risks

European Commision: "Quantitative assessment of the financial materiality of climate physical risks: a case study"

Linklaters: "Greenwashing Outlook"

"Top 50 Banks In The World Tackling Adaptation – 2024"