The CFRF’s practical Guide encourages UK regulated financial services firms to take active steps to manage climate-related financial risks.

By Paul Davies, Nicola Higgs, Sherryn Buehlmann and Anna Lewis-Martinez

Background

On 29 June 2020, the Climate Financial Risk Forum (CFRF) launched its guide to climate-related financial risk management (Guide) that will be useful for financial services firms to understand the risks and opportunities that arise from climate change. The Guide provides a voluntary framework for how to integrate these climate-related risks and opportunities into firms’ risk, strategy, and decision-making processes.