Banking / WHITE PAPER
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Banking / WHITE PAPER
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Climate change, with its capacity for large-scale impact on the environment, businesses, and human lives, is an event, which makes the need for climate risk management urgent and unavoidable for governments and corporations alike. Financial risks from climate change fall in two broad categories – physical and transition. Models will need to evolve to capture the relationship between the two as accurately as possible, to be able to design the appropriate mitigation measures. In our view, financial institutions must adopt a structured approach across four key dimensions — understand, accept, act, and deliver — to define their climate risk strategy.
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