Climate Change & the TCFD: Risks & Opportunities for the Banking Industry

Slide 1

“It has been a great course that gave us the opportunity to learn through the material and the views and experiences shared through the posts and through the mentor's meaningful feedback.
A great thanks to all that organized, supported and participated in the course.
Forum discussions provided a great opportunity for sharing ideas and experiences among people from different countries, backgrounds, and sectors.”

Anastasia Chrisopoulou, Relationship manager, Piraeus bank SA, Greece


“It's been a really interesting course. Reading all the discussions has been enjoyable and very valuable. The comments of the mentor have been thoughtful and I have enjoyed participating in the forum discussions. A good knowledge gained thanks to the reading materials and quizzes.”

Natalia Valls Ruiz, Responsible Banking Manager, Caixabank, Spain


This was my first time doing an online course and I found the whole activity amazing and enjoyable. The discussions are very inspiring as you gain knowledge not only from the mentor's perspective/feedback but from participants' views as well.
I commend the admin and of course, our mentor, for a job well done in sponsoring an informative course. Indeed, I enjoyed reading the discussion thread and I learned a lot from the other participants. There is certainly a lot of challenges ahead of us, but we are capable of reducing GHG effects considering that global climate change is caused more by human activities.
Again, thank you very much.”

Rommel V. Esteras, Acting Manager, Central Bank of the Philippines

Slide 4

The course was very dynamic and the comments of the participants were very accurate and their experiences very valuable.”

Cecilia Guerra, Principal Executive, Environment and Climate Change, CAF – Latin American Development Bank, Brazil


“Taking this course was a great experience and I learned a lot about the subject.  I enjoyed reading all the posts and gaining new perspectives/takeaways.”

Suzanne Peralta, Consultant Business Continuity and Emergency Management, Vancity Credit Union, Canada


“Thanks to all course admins & mentor for a good and productive course. For many of us participants this is one step on a longer TCFD adoption journey, and from my perspective an important one - we can all contribute to the transition ahead.”

Magnus Frumerie, Finance Transformation Expert, Swedbank, Sweden


“Thank you for a really worthwhile course. I really learned a lot both in terms of material provided and also through the discussions. It was really great to see such a diverse group of participants attend.
Thanks also to the mentor for guiding us through the weekly discussions and linking us back into various areas of the TCFD.”

Naomi Campbell, Environmental and Social Officer, FMO, The Netherlands


“I very much enjoyed this opportunity. Now I feel more confident in engaging on this important issue globally.”

Fianna Jurdant, Senior Policy Analyst, OECD, France 

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Course Programme

Frequently Asked Questions

Tutor’s bio

Since 2007, UNEP FI has offered an Online Course on “Climate Change: Risks and Opportunities for the Finance Sector”.

As the understanding among financial institutions of the risks and opportunities imposed by climate change becomes more nuanced and sophisticated, and given the recent emergence of corresponding assessment & disclosure logics – first and foremost those underpinned by the 2017 recommendations of the FSB Task Force on Climate-Related Financial Disclosures (TCFD), there was a need for new climate change training tailored to the financial services industry.

In response, UNEP FI – with the support of CAF, the Latin American Development Bank – and Fund developed a second generation training platform. It aims at supporting financial institutions carry out TCFD-responsive assessments & disclosures, and is based on the groundbreaking work of the UNEP FI pilot groups on TCFD adoption.

The course has recently been updated thanks to the support of CAF & Fund. The following topics, among others, have been included:

  • New section on UNEP FI’s TCFD Phase 2 Pilot
  • New section on transition risk mapping
  • New regulation on evolving climate
  • Mapping of best practices in physical risk assessment
  • New section on land use with reference to IPCC 2019
  • New relevant material on pandemic and the physical environment, pandemic impacts on markets and energy policy.

Courses in 2021:

Dates Language Tutors
15 March to 2 April English Paul Smith
17 May to 4 June Spanish Frederico Seifert & Gustavo Portaluppi
27 September to 15 October English tbc
4 to 22 October French Ilyès Abdeljaouad
8 – 26 November Spanish Frederico Seifert & Gustavo Portaluppi

Target Audience: Executives and middle management staff of banks and financial regulators (Central Banks, Superintendences of banks, etc.), from both developed and developing regions. Government and civil society representatives wishing to learn more about the financial risks and opportunities from climate change, and about the required forward-looking assessment methods, are also welcome.

Contents: The key areas addressed in this course are:

  1. Climate change as a physical, meteorological phenomenon and the impacts of climate change, covering the basic science of climate change, including the latest scientific insights as compiled by the Intergovernmental Panel on Climate Change (IPCC)
  2. The societal response to climate change as a policy-related, economic and technological matter, covering the international climate change regime, its history, and current discussions and challenges; as well as the main policy-related and technological responses to climate change at the national level
  3. Assessing the credit risks and opportunities from physical climate change
  4. Assessing the credit risks and opportunities from the transition to the low-carbon economy

Language: English, Spanish and French

Duration: Three weeks.

Time commitment: Two hours/day on average, five days per week.

Timetable: Flexible, participants to set their own study times.

Course Fee:

Participant Profile Fee
Representatives of medium-sized and large financial institutions* (non-UNEPFI-members) 1330 USD
Representatives of small financial institutions* (non-UNEPFI-members)

Representatives of non-Governmental Organisations, academics and Government representatives*

1140 USD
Signatories to UNEP FI (Headquarter & Subsidiaries that pay the annual UNEP FI membership fee) 860 USD

*5% group discounts (3 or more people from the same Financial Institution in the same course edition) for Non Signatories.

Please note that course fees serve exclusively to cover the costs of running the course.

Cancellation Policy: Participants who cancel their participation in a course once it has started and wish to be placed in a future edition will receive as a courtesy a 10% discount on the tuition for that future course. The course is highly customized, and these late cancellations create costs for the organizers and deny the position in the course to others who were turned away.

Certificates: Successful Course participants receive a certificate from UNEP FI and CAF after successful completion of the course.

Applications: All applications should be submitted via our online form at least one week prior to the course you wish to participate in.

On-line registration

Overall, 19 CC&TCFD Online Courses have taken place in English and Spanish with a total of 976 participants since 2007.


The course material has been updated in 2020 with the support of the Sustainability Academy, an initiative of the Fund Development Facility and CAF – Latin American Development Bank.

Training product of:

In collaboration with:



For further information please contact:
UNEP FI Training Team