The climate risk to financial stability is that a confluence of climate policy initiatives, technological innovation and improving economics for low-carbon activities prompt a much quicker than anticipated demand shift away from high-carbon activities, with wide-spread consequences for asset prices, activity, employment, trade and financial flows and associated financial contagion.

This Centre of Sustainable Finance report provides a guide for how banks can apply a climate lens to existing risk management and scenario analysis processes and practices in order to support financial stability across the economic system.

Read the full report in PDF format