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How will climate risk impact the financial sector? This brief presents results from a desktop review with input from interviews and discussions with actors in Sweden from the banking and real estate sectors.
MAVERIC (Material Assets Valuation: Estimating Risks and Impacts of Climate Change) is a Vinnova-funded project (under grant agreement 2022-01417) aimed at understanding how climate risk will impact the financial sector.
The semi-structured interviews were intended to gain a basic understanding of the consortium partners’ real estate portfolios and evaluation practices. Additional discussions were held in the MAVERIC advisory meeting in March 2023.
The brief addresses what climate risk is in the context of finance and the real estate sector, and why it should be disclosed. It then outlines the landscape of climate risk reporting initiatives and requirements. The authors conclude with reflections and a summary of potential trends in sustainable finance and corporate sustainability reporting in general, and specifically related to climate risks.
Project / This project will provide financial actors with a climate risk valuation method for material assets (buildings, land, and land installations).
Perspective / Trase’s co-directors write about the benefits and limitations of Trase data in assisting companies and governments in their efforts to implement the EUDR.
Press release / Call to action for financial institutions to map resilience-building pathways to tackle the economic fragility of debt-burdened and climate-vulnerable countries.
Journal article / The article examines whether financing is a significant obstacle for achieving radical emission reductions in energy-intensive industrial sectors.
Design and development by Soapbox.
