Climate Risk
As the global community acknowledges the urgency of climate change, there is a growing alignment with the United Nations Sustainable Development Goals No.13, particularly in the pursuit of limiting global warming to below 2°C, and ideally to 1.5°C, in line with the Paris Agreement. Central to this challenge is the establishment and achievement of ambitious net-zero emissions goals by 2050. This critical journey towards net-zero encompasses a robust decarbonization strategy, which emphasizes enhancing energy efficiency, advancing the transition to electric power, and a decisive move towards renewable energy sources. The objective of reaching net-zero is not just a target but represents a profound commitment to forging a resilient and sustainable future, resonating deeply with the ethos of the UN SDGs.
Creation of climate risk hub.
Based on extensive experience, GSS will marshal essential resources to accelerate knowledge of climate-related financial risks at financial institutions, insurance companies. Formation will require a step-by-step process that takes a systematic approach to gather stakeholders, resources, and expertise across disciplines to form the enabling infrastructure of the hub.
Capacity-building on climate risks, climate finance, and climate opportunities.
This tailored program is designed to equip participants with a comprehensive understanding of climate risks, climate finance, and climate opportunities within the finance sector. It aligns with the latest standards from the International Sustainability Standards Board (ISSB), incorporating practical case studies on financed emissions through the Partnership for Carbon Accounting Financials (PCAF), net-zero targets setting via the Science Based Targets initiative (SBTi), and other pertinent topics.
Guidance and support on developing climate disclosure requirements.
This specialised program provides comprehensive guidance and support on developing climate disclosure requirements within the finance and insurance sector. It is designed to align with evolving international standards, focusing on the practical aspects of implementing climate-related disclosures as per the directives of the International Sustainability Standards Board (ISSB) and the Task Force on Climate-related Financial Disclosures (TCFD), and European Sustainable Regulation Standard (ESRS) and EU Sustainable Finance regulation Disclosures and the Climate Bond Initiative.
Guidance and support on developing a climate risk assessment and climate stress test.
In response to the escalating demands for comprehensive climate risk assessment and stress testing within the financial sector, our program is uniquely positioned to offer extensive guidance and support. This initiative is designed to align with the evolving standards and practices set by leading organizations like the Network for Greening the Financial System (NGFS), the National Institute of Economic and Social Research (NIESR), and other institutions that are at the forefront of developing scenarios and data for climate stress testing. We also recognize the contributions of commercial tool providers in the market, whose innovations are integral to this field.
How We Can Help
Assessing Climate Change Risks: We will assist your organization in conducting a thorough assessment of the risks and vulnerabilities posed by climate change. Our experts will analyze the potential impacts on your operations, infrastructure, supply chains, and communities. By understanding these risks, we can develop strategies to mitigate them and build resilience.
Developing Climate Change Adaptation Practices and Policies: Our experts will work closely with your organization in developing Climate Change Adaptation Strategies, practices and policies that enables you to adjust to changing climatic conditions and mitigate negative, physical and acute climate impacts. Our team will assist you to identify help you to precure and implement renewable energy solutions, and incorporate cutting edge climate technologies such as carbon capture and other green technologies.
Engaging Stakeholders: We believe in the power of collaboration and engagement. By involving employees, customers, local communities, and government entities, we can foster collective action on climate change. We will facilitate inclusive dialogues and partnerships, allowing you to develop shared goals, leverage resources, and create a supportive environment for sustainable practices.
Exploring Green Technologies and Innovations: Our team will assist your organization in exploring and adopting cutting-edge green technologies and innovations. By identifying opportunities for renewable energy generation, energy-efficient solutions, sustainable transportation, and waste management systems, we can help you make significant strides in mitigating climate change.
Policy and Advocacy Support: We will provide guidance on engaging with policymakers and advocating for climate-friendly policies and regulations. By actively participating in policy discussions and influencing decision-making processes, your organization can contribute to shaping a favorable regulatory environment that supports climate action.
Building Partnerships and Collaborations: We encourage your organization to partner with the public sector, research institutions, environmental NGOs, and industry associations to leverage expertise, share best practices, and advance collective efforts in addressing climate change. Together, we can drive innovation, accelerate progress, and amplify the impact of your climate initiatives.
By partnering with GSS THINK, your organization can make a meaningful contribution to addressing climate change while promoting sustainability and resilience. We are committed to supporting you every step of the way in navigating the complexities of this global challenge. Let's work together to create a more sustainable future.