Financial services and insurance
How does the financial industry identify the impact of climate risks on investment and financing businesses?
The requirements for the financial and insurance industry from competent authorities, investors, customers and international rating agencies are gradually moving from policy commitments to specific data, calculation basis and improvement records. In terms of climate risk management, companies must not only deliver results, but also explain data boundaries, methods, division of responsibilities and evidence. If you wait until you receive a questionnaire or verification notice before reorganizing it every time, it is easy to have inconsistent versions, and it will be difficult to provide credible information within the deadline. The financial and insurance industry has dealt with climate risk management in the past