Financial Services

CLIMATE CHANGE

Climate Stress Testing an Emerging Challenge for Banks Worldwide

As financial institutions worldwide grapple with how to turn climate-related risks into credible stress testing scenarios, new guidance on climate stress testing for banks offers a timely roadmap. Climate Stress Testing Methodologies: Current Practices, Challenges, and the Road Ahead – a report by the United Nations Environment Programme Finance Initiative (UNEP FI) and data and AI leader SAS – is based on input from 21…