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Scenario analysis physical risksJune 202101Climate Change physical risk impacts on the real estate sector Banks can be affected by climate change impacts in different business lines, overlapping opportunities
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How to fill out climate-related risks for ministries

01
Identify the climate-related risks that could impact the ministry's operations
02
Assess the likelihood and potential impact of each risk
03
Develop strategies to mitigate or address the identified risks
04
Monitor and review the effectiveness of the risk management strategies on a regular basis

Who needs climate-related risks for ministries?

01
Ministry officials responsible for strategic planning and risk management
02
Government agencies and departments that oversee climate change adaptation and mitigation efforts
03
External stakeholders such as citizens, businesses, and NGOs who may be impacted by the ministry's decisions and actions
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Climate-related risks for ministries refer to potential negative impacts that climate change can have on government operations, decision-making, and economic stability. This includes risks associated with extreme weather events, regulatory changes, and shifts in public sentiment or stakeholder engagement.
Typically, ministries that are part of government agencies, especially those involved in environmental, economic, or public health sectors, are required to file climate-related risks. This may also include any organization that impacts or is impacted by climate change.
Filling out climate-related risks involves assessing potential risks, collecting relevant data, and documenting findings in a prescribed format. Ministries should follow guidelines provided by regulatory bodies, which will outline the necessary metrics, methodologies, and reporting frameworks.
The purpose of filing climate-related risks is to inform stakeholders about the impact of climate change on governmental operations and policies. It helps in strategic planning, resource allocation, and enhancing transparency and accountability regarding environmental sustainability efforts.
Reported information typically includes an assessment of risks, mitigation strategies, financial implications, descriptions of climate-related vulnerabilities, adaptation measures, and relevant performance metrics.
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