Regulators are stepping up their game on climate-related risks

New scenarios developed by the Network for Greening the Financial sector provide a common basis for understanding global climate and transition risks, including the risk they pose to Islamic marketsRegulators have made it clear they are investing in more and better data to understand climate-related financial risks, and will expect the financial institutions they supervise to become better at integrating these risksResearch from RFI Foundation among others has shown how far financial institutions still have to completely understand and integrate climate-related (physical and transition) risks into their investment & financing decision-making processes.

Regulators are investing in climate risk analysis capabilities. That’s the key message from the Phase II climate scen...