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Climate Risk Services

Climate Risk Services

Climate change is rapidly emerging as a threat to the stability of our financial systems.

More frequent and severe weather events are damaging infrastructure and disrupting supply chains. Transition to a lower carbon economy is bringing new policies, regulations and rapid changes to market dynamics. And some carbon-intensive companies are already facing law suits over their contributions to climate change.

Together these trends threaten to bring serious financial risks to companies and their investors, lenders and insurers.

That's why, in 2015, the Financial Stability Board (FSB) formed the Task Force on Climate-related Financial Disclosures (TCFD) and asked it to recommend how companies should disclose their material climate-related risks to financial stakeholders.

Since then, many banks, pension funds, asset managers, insurers and others have put growing pressure on companies to apply the TCFD recommendations and hundreds of companies have signed up to doing so.

For most companies, assessing, disclosing and responding to climate-risk is a new challenge. KPMG professionals can help. Our member firms can support clients in making sense of the TCFD recommendations, and work shoulder-to-shoulder with you to identify climate-related risks and opportunities, understand the financial implications, and incorporate relevant disclosures into financial filings.

How we can help

KPMG member firms can provide bespoke services to help clients address climate-related financial risks. Our support covers the following areas:

  • Assess and improve readiness for reporting
  • Map climate-related risks
  • Use scenario analysis to assess resilience
  • Inform business strategy
  • Adapt investment strategies
  • Manage and report on risks

Find out more by downloading the brochure below.

Client story

See how a KPMG member firm helped a financial services group align its disclosures with the TCFD recommendations.

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