How do global risks intersect with financial institutions, and what regulatory steps are major economies taking to address climate change? Financial institutions wield significant influence over economic activities, making them key players in steering the global economy toward sustainability amidst pressing global risks. A detailed answer from Climind can be found here: https://lnkd.in/ejW6uk6Q The World Economic Forum identifies critical global risks, from ecosystem collapse to cyber insecurity. Financial institutions, with their sway over economic activities, are instrumental in tackling these challenges, shaping sustainable practices, and bolstering resilience against climate impacts. Events like #COP28 signal progress toward a global consensus on climate action, highlighting the need for rapid transitions and increased funding. This underscores the imperative for financial institutions to adapt swiftly to heightened compliance requirements, aligning with evolving regulatory landscapes. Major economies, including the #EU and the USA, are implementing substantial regulatory changes to combat climate change. Directives such as the EU's corporate sustainability due diligence and the USA's commitment to climate action reflect a growing momentum toward transparent, accountable business practices globally. Editor: Rosita #ClimateAction #FinancialInstitutions #RegulatoryChanges #GlobalRisk #Sustainability #ESGDisclosure #EURegulations #USClimatePolicy #CorporateBehavior #Resilience
Last year's 116-day streak of record-hitting temperatures highlights the urgency for financial institutions to address #climaterisks. Check out the latest Climate Risk Landscape Report — a comprehensive resource delving into the available tools for the #financesector to assess physical and transition climate risks. The report includes best practices, case studies, and recommendations to navigate the dynamic risk landscape. Read the full report: https://ow.ly/ix3r50RaxMB
