Impacts related to a changing climate are now considered top long-term risks and the ability of investors and market participants to identify, quantify and assess those risks is critical to ensure that capital is allocated effectively to tackle the climate crisis.

Emerging markets are particularly exposed to climate-related financial risks from physical risks - including extreme heat, droughts and water scarcity – and the transition towards green economic models. In recent years a broad range of policy, regulatory and market-led initiatives have been put forward in developed markets to better understand and promote disclosure of these risks but how are they being taken up and applied in emerging markets? What progress are financial and non-financial corporates making in integrating climate risk strategies and improving the quality of climate-related financial management and disclosure, what barriers are slowing uptake, and what are the implications for investment?

This FT Digital Dialogue, organised in partnership with the European Bank for Reconstruction and Development (EBRD), discussed how strategic investors in emerging markets can help shift capital flows to support climate action and corporates can reduce risks and maintain access to capital by working together to improve climate-related governance and disclosure.

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