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Webinar: Risk and Opportunities from Climate Change for the Financial Sector
Climate change constitutes a major challenge, posing new risks but also opportunities for the financial sector. Financial institutions can play an important role in society’s adjustment to climate change and contribute to its mitigation, for example by including climate change and environmental risk in their credit and investment processes or by incentivizing clients for sustainable investments.

The accelerating pace of climate change demands proactive and responsible adaptation strategies from the financial sector. This webinar will highlight risks and opportunities that climate change poses for the financial sector in Africa and discuss how financial institutions can best respond to these, in a sustainable manner.

In particular, the webinar will explore the following topics:

• Integrating climate change considerations throughout financial institutions’ operations: how to deliver more sustainable results

o focus: rationale, concept, regulatory trends and business opportunities for “climate mainstreaming” in the financial sector (Dr. Ulrich Volz, Director, Centre for Sustainable Finance, SOAS University of London)

• Financial sector risks and opportunities from climate change: how to understand, analyze and translate them into effective strategies

o focus: low-carbon economic transition risks for FIs, seizing opportunities offered by the transition, in this context also mention role and aims of TCFD (David Carlin, UNEP-FI)

• Lessons from Latin America: how sustainable practices help financial institutions and their clients to adapt to climate change

o focus: successful case study of commercial bank that acknowledged climate change risks and harnessed the benefits of sustainable practices by rolling out a fully-fledged E&S Management System. (Rosaura Salter, Vice Manager Social and Environmental Program, Banco Lafise Bancentro S.A, Nicaragua)

Moderator: Finance in Motion (FiM), advisor to the eco.business Fund

Oct 7, 2020 01:00 PM in Universal Time UTC

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