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The true meaning of climate risk management: What role does financial services play?

Posted by on 14 May 2024
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When it comes to climate risk management, the landscape evolves every day and risk managers’ thoughtfulness of the subject needs to expand as a result. Today, risk leaders navigate a complex global regulatory environment that doesn’t just look at climate change risks, it also factors in wider ESG principles, such as sustainability and diversity, equity and inclusion. We spoke to risk leaders around the world at RiskMinds International to understand the upcoming challenges and find a way forward in the future.

Climate change challenges in insurance

Thabile Nyaba, Chief Risk and Sustainability Officer, OMI, joins us at RiskMinds Insurance, part of RiskMinds International, to talk about the role of insurance in combatting climate change. Thabile explores the physical risks insurers need to be aware of and how risk leaders can aid the business to build resilience.

Climate in risk management frameworks

Jan Van Zyl, Executive Head: Group Strategic Risk, Nedbank, shares his key messages from his panel. He addresses climate integration into existing risks, vendor tools vs internally built tools, and meaningful changes to make climate risk management better.

Key challenges in ESG: Greenwashing, nature, and biodiversity

Eriola Beetz, Managing Director and Partner, BCG, joins us to share her key takeaways from her panel “What role does risk management need to play in identifying and mitigating greenwashing?" and talks about other external factors such as geopolitical risks and the entry of AI into financial institutions.

Impact investment challenges in emerging countries and how financial institutions can overcome them

Dominique Bourrat, Board Member, ESG Strategic Senior Advisor, BDI, joins us to talk about the risks involved in investments in emerging markets and how financial institutions can work with locals to understand available projects and ESG concerns better.

How will biodiversity loss impact financial institutions?

Danielle Carreira, Head of Finance Sector Engagement, World Economic Forum, joins us to explain why biodiversity is a key factor to take into account when integrating sustainability into risk frameworks.

The Climate Risk & Sustainable Finance Summit returns this year at RiskMinds International 2024. Find out more >>

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