Adaptation Finance

Adaptation Finance, Climate Change, News, TCFD | 14 February 2022

One year on from commitments on adaptation: lack of risk data and standards delaying progress

In January 2021, UNEP FI and the Global Commission on Adaptation (GCA) came together with ten financial institutions from across banking and investment to commit to disclosing their risks from the physical impacts of climate change. UNEP FI’s Paul Smith reviews the progress made by the group, explains the importance of this commitment, and the issues facing financial institutions trying to accurately disclose their physical risk.

Adaptation Finance, Climate Change, News, TCFD | 25 January 2021

Ten UNEP FI members call on governments to step up on adaptation finance, make climate risk reporting commitments

Ten UNEP FI members are calling for greater action to boost adaptation finance and have made commitments on climate risk reporting. At the Climate Adaptation Summit 2021, the leading financial institutions delivered a statement calling for greater action on assessment, reporting and management of the physical risks of climate change, and asking policy makers to deliver mandatory disclosure requirements on climate risk.