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. This free training session (no cost) will be held in 4 different time zones to accommodate participants. This 2-part training session is certified by CPD.

CONTENT

Part I: Governance and Strategy 

In Part I, we provide an overview of climate disclosures and the development of the FSB’s task force on climate related financial disclosures (TCFD) as well as other climate-related disclosure frameworks. This session also deep dives into the first two recommendations of the TCFD, governance and strategy. The learning objectives of this session are:

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

Part II: Managing risks and setting targets

In Part II, we review the foundations of climate-related financial disclosures then deep dive into the remaining two recommendations of the TCFD, risk management and metrics & targets. We also provide additional guidance on setting net zero targets and review transition plans. The learning objectives of this session are:

1. Be able to identify practices to manage climate-related financial risks and opportunities that face the banking sector
2. Understand what measurements are appropriate and effective in measuring and setting targets for climate resilience
3. Understand how a transition plan and net zero targets can be implemented
4. Identify how the TCFD recommendations can be used with other key tools and frameworks to create resilient and agile strategies

DETAILS