Supply Chains and Trade Routes Disrupted Because of Major Climate Event
Breaking News:
Unprecedented Methane Emissions and Global Heatwaves
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Options
Take trade finance deals that are only through the Northern Sea Route
Continually assess and stress test our climate-related financial risk exposures to make sure we are not at risk from defaults as a result
Run 360 reviews of all risk exposures, including climate and security/cyber risk to ensure we have mitigations in place
Nothing – we didn’t know the financial risk from climate exposure because we were waiting for regulators to tell us what to measure and now it’s too late