Climate Risk in Financial Services

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Resources and Links Mentioned in the Episode

Bloomberg. “Google, Oracle Data Centers Knocked Offline by London Heat,” July 19, 2022.
Board of Governors of the Federal Reserve System. FEDS Notes. "Climate Change and Financial Stability,” March 19, 2021.
Brookings Institute. Up Front. “What is climate risk and why does it matter?”, Sept. 1, 2022
Forbes. “Climate Change Risks Are Rising In Importance For The Office Of The Comptroller Of The Currency,” Oct. 6, 2022
McKinsey & Company. “Banking imperatives for managing climate risk,” June 1, 2020.
McKinsey Global Institute. “Climate risk and response: Physical hazards and socioeconomic impacts,” Jan. 16, 2020.
Reuters. “U.S., Canada among 20 countries to commit to stop financing fossil fuels abroad,” Nov. 4, 2021.
The Hill. “DRIED UP: In Utah, drying Great Salt Lake leads to air pollution,” Sept. 13, 2022.
The Register. “Twitter datacenter melted down in Labor Day heat,” Dec. 8, 2022.

Related Promontory Thought Leadership

Promontory Currents. “Regulatory Expectations on Climate Heat Up,” April 12, 2022.
Promontory Currents. "U.S. Regulators Tackle Climate Change Risks: What Firms Need to Know,” June 25, 2021.
Promontory Currents. “How Banks Should Respond to FSOC’s First Climate Report,” Nov. 10, 2021.

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