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Climate Risk

The potential negative impacts on an organisation arising from climate-related physical risks and transition risks.

EcoAppraise context

Claims referencing climate risk should indicate whether risks are physical, transition-related, or both, and how they are identified or managed.

Related terms

TCFD; ISSB Standards; Transition Plan; SEC Climate Disclosure Rule; CDP

Enforcement cases

EIOPA identifies extreme heat as key climate risk for insurers

Guideline B-15: Climate Risk Management

IFRS Foundation publishes near-final examples on reporting uncertainties in the financial statements using climate-related examples

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