Series
Climate-Related Financial Risks Part Two: From Disclosure to Decision
Bankers, risk managers, policymakers, regulators, and investors are increasingly working to better understand the financial risks arising from climate change and its impact on communities around the world. In Part I of our series on the topic, we explored the various approaches taken by regulators and standard-setting organizations to defining climate-risk disclosures for banks. These organizations are especially focused on defining the relevant data, identifying data gaps, and assessing materiality under their respective regulatory frameworks. In the meantime, banks are beginning to align around some standards and incorporate those metrics in their disclosures to investors and other stakeholders.
In Part II of our series on climate-related financial risks, we explore how financial institutions could use this opportunity to better communicate their value proposition. Specifically, this Point of View suggests a model that institutions can use to both meet disclosure obligations and enable day-to-day decision-making that more deeply and consistently supports the overall strategy. (Read Part I here.)
About Reference Point.
Reference Point is a strategy, management, and technology consulting firm focused on delivering impactful solutions for the financial services industry. We combine proven experience and practical experience in a unique consulting model to give clients superior quality and superior value. Our engagements are led by former industry executives, supported by top-tier consultants. We partner with our clients to assess challenges and opportunities, create practical strategies, and implement new solutions to drive measurable value for them and their organizations.