Climate related risks in the Financial Services sector
Organised by PwC in collaboration with Chapter Zero
Monday, September 21 | 4.15 PM – 6.00 PM (webinar)
PwC along with industry leaders and regulators will be discussing the implications of the regulatory developments surrounding climate change, the emerging risk landscape and the opportunities available to those willing to embrace the challenge.
The event will focus on the following regulatory adaptations to climate change: In April 2019, the Prudential Regulation Authority (PRA) published a supervisory statement on ‘Enhancing banks’ and insurers’ approaches to managing the financial risks from climate’ as well as an accompanying policy statement. Companies will be expected to embed consideration of climate-related financial risk into their governance framework, including ensuring sufficient board-level engagement and accountability over how climate change affects business strategy and risk appetite. While in October 2018, the Financial Conduct Authority (FCA) published a discussion paper on climate change and green finance. Both bodies have indicated their intention to implement a joined-up approach and to share best practice, and set up the Climate Financial Risk Forum, comprising a range of stakeholders with this aim in mind. We will explore what this means for your business.
To register for this event, please click HERE