Webinar Replay: Risk and Opportunities from Climate Change for the Financial Sector
07 October 2020 - The Making Finance Work for Africa (MFW4A) Secretariat, the United Nations Environment Programme Finance Initiative (UNEP FI) and the Development Facility of the eco.business Fund hosted a joint webinar entitled “Risk and Opportunities from Climate Change for the Financial Sector".
Climate change constitutes a major challenge, posing new risks but also opportunities for the financial sector. Financial institutions can play an important role in society’s adjustment to climate change and contribute to its mitigation, for example by including climate change and environmental risk in their credit and investment processes or by incentivizing clients for sustainable investments.
The accelerating pace of climate change demands proactive and responsible adaptation strategies from the financial sector. This webinar highlighted risks and opportunities that climate change poses for the financial sector in Africa and discussed how financial institutions can best respond to these, in a sustainable manner.
In particular, the webinar explored the following topics:
• Integrating climate change considerations throughout financial institutions’ operations: how to deliver more sustainable results
• Financial sector risks and opportunities from climate change: how to understand, analyze and translate them into effective strategies
• Lessons from Latin America: how sustainable practices help financial institutions and their clients to adapt to climate change
For more details on this session’s content, the event recording is available below. The webinar presentation can also be downloaded via this link.
Dr. Ulrich Volz, Director, Centre for Sustainable Finance, SOAS University of London
David Carlin, UNEP-FI
Rosaura Salter, Vice Manager Social and Environmental Program, Banco Lafise Bancentro S.A, Nicaragua
Finance in Motion (FiM), advisor to the eco.business Fund