Munich Re joins UNEP FI pilot working group on climate-related financial disclosures
Together with 15 leading insurers Munich Re will work with UNEP FI to develop a new generation of risk assessment tools designed to enable the insurance industry to better understand the impacts of climate change on their business. The tools and indicators that will be jointly developed and piloted by the Insurer Group will incorporate the latest scenario analysis to assess climate-related physical and transition risks in insurance portfolios. Insurance coverage incentivises risk reduction, puts a price tag on risk, de-risks investments, and serves as a financial shock absorber for communities, businesses and governments.
Learn more about the insurers pilot working group to implement the Task Force on Climate-related Financial Disclosures (TCFD) and the ways in which insurers are working towards promoting climate transparency (please follow the link on the right).