On 10 October 2024, the Financial Conduct Authority (FCA) updated its Climate Financial Risk Forum (CFRF) webpage to add links to three new guides on key areas of climate risk: Nature-related Risk: Handbook for Financial Institutions, Short-term Scenarios, and Mobilising Adaptation Finance to Build Resilience.
The handbook on nature-related risk aims to provide an introduction for financial institutions to help frame nature as a risk, and discusses emerging practices in incorporating nature into financial risk management. In addition to the guidance itself, there are supporting documents in the form of Nature-related Risk: Technical Data Guidance for Financial Institutions and a Nature-related Risk: summary document.
The guide relating to short-term scenarios aims to discuss the various use cases of short-term scenarios for banks, asset managers and insurers to provide more guidance to firms. A Short-term Scenarios: summary document has been published alongside it.
The guide on mobilis
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