Adapting to climate change - steps for financial institutions

Recent guidance on adaptive practices that respond to climate-related risks and opportunities can help firms stay ahead of current and expected disruptions, as well as create value through innovation and meet new needs, write Simon Lovegrove and Haney Saadah.

Simon Lovegrove is Norton Rose Fulbright's global director of Financial Services Knowledge, Innovation and Product, while Haney Saadah is EMEA managing director of Risk Advisory. Contact them on simon.lovegrove@nortonrosefulbright.com and haney.saadah@nortonrosefulbright.com.

Following the adoption of the Paris Agreement on climate change and the United Nations' 2030 Agenda for Sustainable Development in 2015, governments are making strides to transition to low-carbon and more circular economies on a global scale.