Mainstreaming of Climate Risks and Chances in the Finance Sector

Department(s)/ Research Infrastructure
Energy, Transportation, Environment
Project Status
Completed Project
Commissioned by
Bundesministerium für Bildung und Forschung (BMBF)
Project Manager
Claudia Kemfert
Project Team/Contacts at DIW Berlin

Overview

Enterprises in the finance sector recently show more interest to include climate related opportunities and risks into their business processes. Climate change not only passively influences the finance sector, but the sector also has the possibilities to influence other economic sectors though an appropriate signaling. The question is how to enhance existing and gain new competitive advantages. The project is a reaction to the need articulated by the financial services related expert group on climate risks, to classify climate associated risks and opportunities for various industry sectors. It wants to make current scientific knowledge more accessible to and applicable in the finance sector.