As climate change risks increase worldwide, company boards will be critical in ensuring their firms remain resilient and on a path to carbon neutrality. Developed from insights and interviews with 50 top financial institutions, this collaborative report from GARP and the United Nations Environment Programme Finance Initiative (UNEP FI) provides banks with a comprehensive framework for creating decision-useful, board-level climate dashboards.
Featuring high-level and detailed examples of dashboards — both hypothetical and from published reports — the paper covers the ‘what, why, and how’ of creating a climate dashboard, answering key questions such as:
- What is the board’s role in managing climate risk?
- How should an effective climate dashboard be structured — and what types of information should be included?
- What are the key climate metrics that bank boards should see?
- What are some of the challenges banks are currently facing in creating these dashboards?
Find out more about UNEP FI’s TCFD Pilot Project for banks here.