Climate risk management

The Bank of Russia: The impact of climate risks and the sustainable development of the financial sector in Russia. Report for public consultation

Jul 18, 2020 | Climate risk management

The state structures responsible for regulating corporate relations, the banking and insurance market, and the financial stability of the Russian Federation have prepared a report on the impact of climate risks on the country’s financial sector and its sustainable development.

The report is mainly devoted to climate risks: definitions, types, and impacts on financial institutions in the banking and insurance sectors. It details the tools of climate risk management based on the experience of world insurers, foreign states and companies; a perception of Russian banking regulation of climate risks is being formed. The Climate Change Financial Disclosure Requirements, developed by the Climate Finance Disclosure Working Group (TCFD), are also mentioned.

The global climate threat and Russia’s economy: in search of its own path

Jul 18, 2020 | Climate risk management

Employees of the Skolkovo Moscow School of Management prepared a report on possible steps Russia could take to catch up with world leaders in the fight against climate change.

The research also highlights factors that affect climate change, as well as associated risks and global threats. The report revealed ways to influence the current environmental situation and methods of combating climate change for political groups, social movements, energy companies, businesses, and investors.