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As was clear from COP 27, countries and individual governments are struggling to prevent temperatures rising by more than 1.5 degrees by 2050, and the outlook is bleak. Meanwhile, in the UK as elsewhere, we are seeing extreme weather conditions, which will continue to worsen as we approach 2050, and perhaps beyond.
Against this background, financial institutions of all kinds – banks, asset managers and insurers – need to put in place climate adaptation plans as part of their overall business continuity planning. These need to include the direct impact of climate change on running their own businesses and the indirect impact of the changing climate on borrowers, investee companies, policy holders, suppliers, employees and other stakeholders.
The Financial Services Climate Adaptation Summit 2023 takes a detailed look at all the key issues in the round. It combines keynote addresses, panel discussions and individual presentations to provide delegates with a 360 degree understanding of the topics that they need to take account of when drafting or updating their climate adaptation plans.
Key themes to be discussed
- Using weather and climate science to address the challenges and opportunities of climate change
- Scenario planning and modelling for the financial sector
- Regulatory and policy: climate adaptation and financial institutions – what steps need to be taken now?
- An insurance industry perspective on climate adaptation
- Critical infrastructure I - the UK’s climate adaptation plans for road and rail
- Climate science and lessons for scenario and adaptation planning
- Critical infrastructure II: the UK’s climate adaptation plans for power generation and distribution
- Climate adaptation: critical but hard to fund
- Critical infrastructure III - the UK’s climate adaptation plans for water management and flood prevention
- Managing the potential reputational challenges of climate adaptation