On 17 January 2019 (10:00-11:00 AM CET) the UN Environment Finance Initiative is holding a webinar for the "Launch of natural capital risk tool and framework for financial institutions".
Human activities are accelerating environmental changes, notably in the form of climate change, pollution, and habitat loss. These environmental changes can lead to adverse consequences for businesses and for the financial institutions that provide services to them as the conditions for economic activities change. Financial institutions wishing to understand and assess their exposure to these risks need comprehensive and systematic information on how businesses depend on the environment and the consequences they face when that relationship is disrupted by environmental change. For this reason the Natural Capital Finance Alliance, funded by the Swiss State Secretariat for Economic Affairs (SECO) and the MAVA Foundation, has come up with tools and insights to help practitioners identify material natural capital risks and opportunities within their portfolios and integrate these considerations into financial decision making. The webinar will provide an overview of the recently launched ENCORE tool (Exploring Natural Capital Opportunities, Risks and Exposure). It also marks the official online launch of the NCFA’s latest report produced by PwC, which applies the ENCORE tool to develop a natural capital assessment framework for enhanced portfolio risk management in banks.