What comes next after CBES, & what role for integrated climate-nature risk?

This next event in the UK CGFI Leeds Connect series, brings together banks, insurers, building societies, leading climate and nature scientists, and analytics businesses to explore the future of scenario analysis for climate and environmental risks.

The CGFI Leeds Innovation Hub is hosting What comes next after CBES, and what role for integrated climate-nature risk analysis? on 8th October 2024, together with the Integrating Finance and Biodiversity Programme (IFB) and the Resilient Planet Finance Lab.

Registration 12:45 pm | Sessions 13:15 pm | Networking Reception 5:00 – 6:30 pm

Join this event to understand the climate and environmental risks that financial institutions face and how science could be better integrated into risk management, as well as to network and collaborate. The event builds upon CGFI’s research on lessons from the Bank of England’s Climate Biennial Exploratory Scenario exercise and on climate scenario analysis, as well as the IFB’s report on the materiality of UK nature-related financial risks.

The event will include:

• Keynote speakers and panellists from across academia and industry sharing their insights on the climate and nature-related risks facing financial institutions, and experience of how climate and nature risks are being integrated into decision-making.
• An update of the current state of the climate and the latest thinking within the climate science community on informing physical risks. A climate expert from the Bank of England will reflect on the learnings from the CBES exercise, the use of climate scenario analysis in the financial sector today, and the journey to more decision useful scenario analysis in the future.

• CGFI colleagues will share takeaways from research on the CBES exercise, with insights for banks and building societies who did not take part in the exercise. Following this we will hear from the researchers that led the UK’s landmark first assessment of the materiality of nature-related financial risks to the UK economy, and from practitioners working to integrate climate and nature risks into their processes.

• A showcase of findings from CGFI’s joint research with the Resilient Planet Finance Lab at the University of Oxford, the University of Leeds, and the Climate Financial Risk Forum on building resilience and mobilising finance for adaptation. The event will conclude with a thought-provoking interactive session to determine the next course of action.