Chair: Irene Monasterolo,
Assistant Professor of Climate Economics and Finance, WU Vienna
Professor of Environmental Policy, London School of Economics and Political Science
Director, 2 Degrees Investing Initiative
Environmental economist, of the Austrian Institute of Economic Research (WIFO)
Regional Adviser, Bank for International Settlements
There is growing consensus that aligning the financial system to sustainability requires the introduction of transparent and systematic metrics and methods of individual portfolios’ exposure to climate risks and impact on climate action. This session will present public and private financial institutions’ progresses to mainstream climate risk and impact metrics within their business, identifying challenges and the opportunities. Further, we will discuss to what extent could research support financial institutions in the process of understanding risks and scaling-up opportunities for climate action.