The Adaptation Conversation

Financial institutions around the world are beginning to wake up to the reality that climate change will have material impacts on their loan and investment portfolios. Since the Financial Stability Board's Taskforce on Climate-related Financial Disclosure (TCFD) released its recommendations in 2017, banks and other financial institutions have been working to understand how climate risks impact their businesses. Mich of the focus of these efforts has been in the EU and North America, however trail-blazing banks in other parts of the world are also taking action. In this conversation on climate change adaptation, we speak with Chaitanya Kommukuri, Yes Bank's Vice President of Climate Strategy and Responsible Banking, to learn about the steps it is taking to understand, manage and respond to climate risk.