GCD Climate Risk Focus Group

where climate and credit risk measurement come together!

Dear GCD Members and Friends,

Stay informed with the latest activities in Climate Risk at GCD:

• Information on upcoming webinars featuring insights on Climate Stress testing from the National Bank of Canada and the latest insights on Long Term Scenarios and data guidance from the NGFS team. Registration details will follow.
• Access materials from past sessions with experts from ING and UBS.
• Register now for GCD regional events in Stockholm, Toronto, and Frankfurt.
• Explore the Regulatory Resource Hub for the latest global regulatory guidance.
• Participate in our quick survey on the impact of climate risk on funding costs.

Previous meeting materials are available on focus group page (Login required to access)

Regional Events

Note the regional meetings coming up where banks will be gathering to discuss credit risk topics, including ESG and Climate risk. Seats are limited and free for GCD member banks and invited guests from non-member banks.

• Nordic Forum hosted by Handelsbanken in Stockholm on April 22^nd, 2024  - Register here
• Toronto Conference hosted by Royal Bank of Canada on April 29^th 2024 – Register here
• DACH Forum hosted by KfW in Frankfurt on May 23^rd 2024 – Register here

Regulatory Resource Hub

Recently published regulatory guidance:

 Europe

• EBA Draft Guidelines on management of ESG Risks - consultation paper
• EBA industry survey on the classification of exposures to ESG risks

 Canada

• OSFI Guideline B-15: new Climate Risk Returns, What We Heard Report 

 More resources can be found on GCD online resource which serves as a central page for credit risk/ESG/climate risk professionals seeking information on climate risk management from various global regions, within the GCD membership base. The page is designed for easy navigation, enabling quick access to region-specific climate risk guidelines, reports and useful resources.

Survey: Climate Risk & Funding Costs

Please participate in this 3-question survey on Funding Costs

This survey is aimed to understand how banks estimate the effects of LT and ST ESG Scenarios on funding costs
and the readiness of the banking sector to address ESG challenges and opportunities.
If you are interested on this topic, see GCD Website for
UBS presentation on climate risk impact on funding costs.

Get involved!

GCD Climate Risk Focus Group serves as a center for collaboration and the sharing of expertise among ESG, climate, and risk professionals from banks and industry experts worldwide.