The latest IPCC report warned that climate change is happening faster than we can adapt to. The impacts in the near term are expected to be even worse, and every tenth of a degree of additional warming will accelerate climate risks to people, planet and ecosystems – often with irreversible changes. In addition, countries in Asia are more vulnerable to natural disasters induced by climate change.

At the same time, climate change poses the biggest long-term threat to the global economy. In an extreme scenario where no mitigating actions are taken, the global economy is projected to shrink by 18% by 2050. Similarly, economies in Asia would be hardest hit.

Businesses and financial institutions may face both physical and transition climate-related risks. By understanding the risks, companies can be better prepared in mitigating the risks and seizing opportunities according to their exposures.

Join us on 20 April for the launch of a report on Pricing Climate Risks in Asia by Tsinghua University's Center for Green Finance Research, followed by a panel discussion on:

• Emerging tools, frameworks and strategies for organisations to incorporate climate risks into their decision-making; 
• How the lack of awareness and data gaps around climate risks can be addressed, while strengthening organisational capabilities in risk management; and
• How climate risk management can help organisations identify new opportunities.            

This in-person Ecosperity Conversations session is held in partnership with CleanEnviro Summit Singapore (CESG) 2022. For enquiries, please contact us at ecosperity.convo@temasek.com.sg.

Image credit: Pok Rie on Pexels