Our goal is to be a critical resource to government and the financial industry to mitigate and adapt to risks focused on ensuring the stability of the financial ecosystem. [...] Impact of Physical Climate Risk Across the Capital Markets Global Disclosure Frameworks and Standards In response to irreversible climate change, global warming, exacerbated extreme weather events, and Within the growing field of sustainability and climate- the global response to these threats, the safety and related disclosure, multiple frameworks and standards soundness of the global financial s. [...] • Mitigation Actions: relative to the model Before describing the framework to establish a Climate sectors, means to mitigate climate change Risk Matrix, it is necessary to first understand how and extreme weather risks are reasonably well climate risk will continue to become more severe, and understood (e.g., BOMA, 2022; IBC, 2022; thus of greater relevance to stakeholders across the S&P, 2022; I. [...] established a question/challenge that a portfolio time (which in this study was deemed to be > 15 years manager could present to an investee company/ of service), are best positioned to identify and prioritize issuer to determine if the issuer is aware of the climate change and extreme weather risk for their risk; and industry. [...] institutional investors, with a combined $2 trillion of Another outcome of the survey was the request from Assets Under Management institutional investors to expand the level of detail (AUM), were surveyed provided in the CRMs to include more information, and agreed that industry- particularly in the “risk reduction measures” section of the matrices.
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