Authors: Dr. Christopher Phillips, Dr. Lydia Cumiskey, Cathal O’Mahony, Dr. Camila Tavares Pereira, Catriona Iulia Reid, Dr. Conor Quinlan, Dervla McAuley, Mary Frances Rochford
Summary: Focusing on lessons learned, the study explores the impact of guiding policies, legislation, and regulations on climate adaptation within the finance and commercial sectors, both internationally and nationally. The research includes a comprehensive literature review, emphasising the pivotal role of the Task Force on Climate-related Financial Disclosures (TCFD), Corporate Sustainability Reporting Directive (CSRD) and EU taxonomy frameworks in guiding climate risk assessment practices in relevant sectors. The study included interviews conducted with 20 individuals in roles related to sustainability, risk management, and Environment, Social and Governance (ESG) within 11 diverse organisations spanning finance, commercial, consultancy, and climate services sectors. The interview topics were structured around three primary themes: current practices, policy and legislation, and climate actions.
The insights derived from this study focusing on the financial and commercial sectors, will inform the development of the National Climate Change Risk Assessment (NCCRA) methodology and risk assessment criteria.
https://www.epa.ie/media/epa-2020/monitoring-amp-assessment/climate-change/climate-ireland/EPA_ClimateRiskAssessment_Financial&Commercial_Sector_Cover-250x354.jpg