Leading through collaboration, locally and globally While our efforts to incorporate climate change into our core business address some aspects of climate change risk, and the incoming mandatory climate-risk disclosure regime is a welcome advance in identifying and managing those risks, there is still much to be done.
Global and local efforts to help the financial system identify, price, and allocate climate risk are still in their early days, but modifications to the financial system’s engine are coming. Collaborative efforts locally, from the public and private sector, and from international cooperation, are ushering in an era of significant change.