To meet the urgent and enormous task of addressing climate change will require considerable action by all sectors of society, including business. Beyond individual firm action, business climate alliances have been formed to achieve a variety of ends, including setting collective ambitions,...

Different studies show that climate change might have a significant impact on financial stability, but very few discuss how this could change depending on the many different ways climate risks could unfold. In this paper we explore the impact of three possible mitigation scenarios in a...

This paper examines the potential impact of climate change on financial risk and the uncertainty surrounding the outcomes of different mitigation scenarios. We use a consistent climate stress test model to evaluate the effect of three possible net zero scenarios on companies’ valuations and...

In response to a growing awareness of the potential impact of climate change on financial stability, academics, financial institutions (FIs), central banks and supervisors (CB&S) have developed a suite of scenarios and analytical tools to assess forward-looking climate-related financial risks,...