New course to assess climate change risks and opportunities in the financial sector
A new training course will make it possible to assess climate risk in the operations portfolio and to internalize the recommendations of the Task Force on Climate Related Financial Disclosure (TCFD).
For financial institutions to better understand the risks and opportunities resulting from climate change, UNEP-FI and CAF-development bank of Latin America- are offering them a new training course that will make it possible to assess climate risk in the operations portfolio and to internalize the recommendations of the Task Force on Climate Related Financial Disclosure (TCFD). The latter, promoted by the Financial Stability Board (FSB), strives for transparency in terms of climate change-related risks.
The TCFD seeks to develop recommendations so that voluntary financial disclosures related to climate can be made, which are consistent, comparable, reliable, clear and efficient and provide useful decision-making information for lenders, insurers and investors.
The course, developed within the framework of Strengthening Environmental and Social Management capabilities for Financial Institutions provided by CAF to Latin American countries, is to begin in November and will be aimed at banks’ executives and mid-level managers, both within developed and developing regions, and also at government and civil society representatives willing to learn more about the risks and financial opportunities resulting from climate change, as well as prospective evaluation methods.
CAF will continue encouraging its strengthening and support for financial institutions in the region, for them to incorporate these recommendations in their activities; hence, in 2019, the course will be translated into Spanish and Portuguese to reach an increasing number of qualified Latin American entities.
CAF's more recent content
CAF, ECLAC, IDB and PAHO Promote Sustainable Development in the G20
The Regional Organizations of the Americas congratulate Brazil on its successful G20 Presidency, highlighting its leadership on key issues such as poverty, governance, and climate change. They also reaffirm their commitment to actions that promote equity and development in the region.
Urgent Call for Action to Safeguard Caribbean SIDS at CAF Symposium
As the global community grapples with the escalating climate crisis, Caribbean Small Island Developing States (SIDS) are running out of time to secure critical investments and support needed to strengthen their economies and protect vulnerable communities from the intensifying impacts of climate change. With the window to take decisive action rapidly shrinking, CAF - Development Bank of Latin America and the Caribbean, in partnership with the Commonwealth Secretariat and the Antigua and Barbuda High Commission, brought together key stakeholders for a symposium in London to address the critical vulnerabilities Caribbean SIDS face.