Reports

Title	Published by	Overview	Tag	Link
Recommendations of the Task Force on Climate-related Financial Disclosures	Financial Stability Board	The TCFD's final report (2017) provides a framework for companies and financial institutions to disclose climate-related financial risks and opportunities. It focuses on four core areas: Governance, Strategy, Risk Management, and Metrics and Targets. TCFD's recommendations aim to improve transparency in how companies assess and manage climate-related risks and disclose these in financial filings. Impact: It has become the global benchmark for companies and governments looking to align climate-related reporting with financial disclosures.	financial disclosure	Link
The Availability of Data with Which to Monitor and Assess Climate-Related Risks to Financial Stability	Financial Stability Board		data, physical risk, transition risk	Link
IPCC Sixth Assessment Report (AR6)	IPCC	IPCC AR6 is a comprehensive scientific assessment of the current state of knowledge on climate change, its impacts, and potential mitigation and adaptation strategies. Released in stages between 2021 and 2022, the AR6 provides a detailed evaluation of climate science, including updated climate projections, a deeper understanding of climate impacts across regions and sectors, and insights into how global warming is already affecting ecosystems and human systems.		Link
The Enhancement and Standardization of Climate-Related Disclosures for Investors	Securities and Exchange Commission (SEC)	SEC is adopting amendments to its rules under the Securities Act and Exchange Act that will require registrants to provide certain climate-related information in their registration statements and annual reports. The final rules will require information about a registrant's climate-related risks that have materially impacted, or are reasonably likely to have a material impact on, its business strategy, results of operations, or financial condition. In addition, under the final rules, certain disclosures related to severe weather events and other natural conditions will be required in a registrant's audited financial statements.		Link
Principles for Climate-Related Financial Risk Management for Large Financial Institutions	The Federal Deposit Insurance Corporation (FDIC)	A high-level framework for the safe and sound management of exposures to climate-related financial risks.
Understanding the impacts of climate change on real estate lending and investment portfolios	ClimateWise	This report shows how investors and lenders can make use of well-established insurance models, tools and metrics to improve their management of some of the physical risks of climate change. Natural catastrophe models have long been used by the insurance industry to assess and price extreme weather event risk, and hence help them and their clients manage these risks. This report shows how outputs from climate models can be used in combination with natural catastrophe models to assess some of the physical risks of climate change in different scenarios	catastrophe model, physical risk, insurance,	Link
ECB economy-wide climate stress test	ECB	The objective of the ECB’s economy-wide climate stress test is to assess the resilience of non-financial corporations and euro area banks to transition and physical risk under climate policy scenarios. Within the analysis, three pillars and four distinct dimensions can be distinguished. The exercise reveals that an orderly and rapid transition minimizes costs and maximizes profits and offsets the short-term cost of transitioning to a zero-carbon economy, showing that companies and banks benefit from adopting green policies in order to boost zero-emission economy.	central banks, climate stress test	Link
Guide on climate-related disclosure for central banks	NGFS	The guide offers practical support and inspiration to central banks at various stages of their climate-related disclosure journey, from those just starting out to those already advanced in their efforts. With this publication, NGFS reaffirms its support for a robust and internationally consistent climate-related disclosure framework.	central banks, financial disclosure, NGFS	Link
Nature-related Financial Risks: a Conceptual Framework to guide Action by Central Banks and Supervisors	NGFS	The NGFS Conceptual Framework on nature-related financial risks provides a comprehensive guide for central banks and supervisors to navigate the complex challenges posed by the interaction between nature, climate, and the economy. This framework emphasises the critical need for policies that address both climate change and nature degradation in conjunction with each other, recognizing that actions to address climate change will fall short without considering nature. The report aims to enhance the understanding of nature-related risks and their implications for the economy and financial system, urging central banks and supervisors to assess and address nature degradation proactively. By offering a common understanding of these risks and providing illustrative cases on freshwater and forest ecosystems, the NGFS Conceptual Framework sets the stage for continuous knowledge development and experience in this vital field.	central banks	Link
The Macroeconomic and Financial Stability Impacts of Climate Change Research Priorities	NGFS	This report discusses the NGFS research priorities related to the analysis of the macroeconomic and financial stability impacts of climate change. Its aim is not only to frame and inform the members’ own research efforts in this area but also to serve as a catalyst to mobilize and unify the broader research community around these research priorities. The NGFS research priorities follow two main themes: implications for financial system risk assessment and implications for macroeconomic assessment and monetary policy.		Link
Climate Financial Risks: Assessing Convergence, Exploring Diversity	Council on Economic Policies	This paper shows that firms’ risk assessments across metrics are fairly heterogeneous but tend to converge on which firms are most and least exposed to transition risks. They also show that the temperature targets and time horizons underlying the metrics matter, although moderately, for the assessment of firms’ risk exposure and that providers using similar methodologies tend to deliver more convergent assessments. These findings contribute to the growing recognition that asset managers, investors, central banks and financial supervisors can and should use available metrics to better integrate climate risks into risk management and financial supervision.		Link
Physical Climate Risk Assessment: Practical Lessons for the Development of Climate Scenarios with Extreme Weather Events from Emerging Markets and Developing Economies	The World Bank	This report that focuses on evaluating the potential impacts of extreme weather events caused by climate change specifically in emerging markets and developing economies, providing practical guidance on how to develop climate scenarios tailored to these regions to assess their vulnerability and potential risks.	physical risk, climate scenarios	Link
DOUBLE TROUBLE? Assessing Climate Physical and Transition Risks for the Moroccan Banking Sector	The World Bank		physical risk, transition risk	Link
The 2023 Climate Risk Landscape	UNEP FI	UNEP FI’s 2023 Climate Risk Landscape report assists financial institutions in better understanding the diverse and dynamic landscape of climate risk tools. The report explores the major market trends in physical risk and transition risk tools and provides detailed analysis on dozens of individual tools.	physical risk, transition risk	Link
Good practices for climaterelated and environmental risk management	ECB			Link
Principles for the effective management and supervision of climate-related financial risks	Basel Committee on Banking Supervision	The Basel Committee on Banking Supervision has published principles for the effective management and supervision of climate-related financial risks. The document forms part of the Committee's holistic approach to addressing climate-related financial risks to the global banking system and seeks to improve banks' risk management and supervisors' practices in this area.	supervision, scenario analysis	Link
Climate-related risk drivers and their transmission channels	Basel Committee on Banking Supervision	This report explores how climate-related risk drivers, including physical risks and transition risks, can arise and affect both banks and the banking system via micro- and macroeconomic transmission channels.	physical risk, transition risk, macroeconomic transmission, microeconomic transmission	Link
Final Report on the Prudential Treatment of Sustainability Risks for Insurers	European Insurance and Occupational Pensions Authority			Link
European Insurers' Exposure to Physical Climate Change Risk	European Insurance and Occupational Pensions Authority		physical risk, insurance	Link
Physical Climate Risk Assessment Methodology (PCRAM).	Coalition for Climate Resilient Investment (CCRI)			Link
Modeling Climate Transition Risk: A Network Approach	CFA Institute of Research and Policy Center	This report advocates for a scenario-based approach to assess transition risks. It focuses on three layers where these risks manifest—the specific transition scenario, the broader economy, and the financial sector’s interactions.		Link
Tipping Points in Climate-Related Insurance Modeling	SOA Research Institute	This report provides actuaries and other professionals working on climate-related risk with a methodology to identify climate regime shifts in different climate scenarios that could represent a “new normal” for insurers. As climate change occurs, insurers need new techniques to identify regime shifts: large sudden changes in systems that indicate a transition from one steady state in a system to another. By incorporating these new techniques and datasets into existing risk management, underwriting, pricing and investment management processes, insurers can prepare and adapt to a changing climate.	Insurance	Link
Climate Risk Source Book	Eurac’s Research Center for Climate Change and Transformation together with GIZ, UNU-EHS, GeoSphere Austria and IIASA	The Climate Risk Sourcebook (CR‐SB) delivers a conceptual framework for a comprehensive Climate Risk Assessment (CRA) together with modular instructions, divided in eight modules, on how it can be conducted (see figure below). It can be used: as a ‘beginners guide’ on CRA, for a rapid risk assessment at a sub‐national to local scale, to obtain an overview of the most relevant climate risks, or to prepare a more in‐depth risk assessment and/or for training purposes.	risk assessment	Link