The 2023 Climate Risk Landscape

The technical supplement to the 2023 Climate Risk Landscape Report is a comprehensive analysis of climate risk assessment outcomes from multiple vendors. The report presents a comparison of vendor results based on a harmonised input of factors, offering financial institutions valuable insights into assessing the impact of a transition to a low-carbon economy on their counterparties’ creditworthiness. The supplement provides insights into various transition and physical risk metrics analysed by vendors, such as Climate Value-at-Risk (CVaR), Climate Transition Value-at-Risk (CTVaR), cumulative
return, implied temperature rise, green and brown share, carbon performance analytics, physical risk score, physical Value-at-Risk (PVaR), and expected loss.