TCFD for the Financial Sector: Sector focus for banks, Part 1 [cohort A]

19 Oct, 2022

For more information, please contact the SSE team.

There is a growing demand for decision-useful, climate-related financial information by investors which has led to a need for banks to update their knowledge on climate-related risks and reporting frameworks used. There is an increasing trend of TCFD adoption and implementation in developed markets with regulators considering moving from voluntary to mandatory implementation of TCFD recommendations in the coming years. While TCFD adoption in emerging markets currently remains low, this is expected to change in the coming years as more countries implement policies to support SDG 13 and the Paris Climate agreement. Assessment and measurement of climate risks and opportunities are building blocks of TCFD. Banks in emerging markets will need to further strengthen their climate risk management capability and green lending business as an input to public reports and disclosure.

To address this need, the UN SSE initiative, IFC, UNEP-FI and CDP have joined forces to share their knowledge and training with leadership of banks globally. This free training session (no cost) will be held in different time zones to accommodate participants globally. This particular session is for the Asia-Pacific markets time zones and takes place October 19 and 20. This 2-part training session is certified by CPD. Participants must participate in both sessions to receive a certificate.

An additional session (the same content) will be held on 26 and 27 October for the Americas markets time zone (separate registration is required).

Learning objectives of part 1: 

  1. Understand the key elements of climate-related financial disclosures recommended by TCFD and why it’s relevant for the banking sector
  2. Identify how climate can be integrated into governance and what role appropriate climate governance plays in organizational resilience
  3. Understand how banks can strategically respond to climate-related risks and opportunities
  4. Understand how to use a scenario analysis as a tool for climate resilience

Watch the full recording if the TCFD training session part 1 here.

About the SSE

​The SSE initiative is a UN Partnership Programme organised by UNCTAD, the UN Global Compact, UNEP FI and the PRI. The SSE’s mission is to provide a global platform for exploring how exchanges, in collaboration with investors, companies (issuers), regulators, policymakers and relevant international organizations, can enhance performance on ESG (environmental, social and corporate governance) issues and encourage sustainable investment, including the financing of the UN Sustainable Development Goals. The SSE seeks to achieve this mission through an integrated programme of conducting evidence-based policy analysis, facilitating a network and forum for multi-stakeholder consensus-building, and providing technical assistance and advisory services.