Understanding the underlying assumptions and definitions used in climate risk assessments is vital for financial institutions integrating climate risk analyses into their operations. In order to help financial institutions accurately interpret the outcomes of climate risk analysis’ and make more informed decisions based on them, UNEP FI has developed a technical supplement to the 2023 Climate Risk Landscape Report.

This supplement presents a comprehensive analysis of climate risk assessment outcomes from multiple vendors, offering valuable insights into the impact of a transition to a low-carbon economy and climate risks on financial institutions’ portfolios. Based on a dummy portfolio, it showcases the importance of ensuring the long-term resilience of the portfolio and considering both transition and physical risks. It also identifies data availability as a significant challenge for vendors in delivering more precise analytics and looks into the various strategies employed to address data gaps.

To complement this analysis and help financial institutions navigate the expanding climate risk tool universe, UNEP FI’s Climate Risk and TCFD Programme has developed a series of resources.


Access here

The 2023 Climate Risk Landscape: Technical Supplement


All opinions expressed are those of the author and/or quoted sources. is an independent and neutral platform dedicated to generating debate around ESG investing topics.