Physical climate risks for the financial sector

Nature has always disrupted business. But global warming is making the task of dealing with it more urgent. Hastened by feeble progress on curbing greenhouse-gas emissions, businesses face wetter floods, fiercer wildfires and stormier storms than in the past’ (Economist, 2019)

This May, Climate Adaptation Services together with Wageningen Environmental Research organised a Science Practice Lab to bridge the gap between climate scientists and investors in the financial sector. The goal of the meeting: discussing physical climate risk, sharing experiences from the sector and gathering ideas to work towards the next step.

There was considerable interest for the meeting, with the following organisations being present: ABN AMRO, Achmea, Aegon, APG, ASN Bank, a.s.r. real estate, Built to Build Vastgoed B.V., Climate-KIC, Deltares, DW Real Estate, FMO, ING, MVGM, NEN, Rabobank, S&P Global, Syntrus Achmea, Verbond van Verzekeraars, Vesteda and Wageningen Environmental Research.

In the next few months, we will try to further establish an ecosystem around this topic, working towards an information base of best available knowledge on physical climate risk for the financial sector. Interested? Please contact us by sending an email to info@climateadaptationservices.com.

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