We emphasize and encourage links between academic researchers and practitioners at financial institutions to bring theoretical techniques to bear on realworld issues.

Climate Risk and Sustainable Finance

Practical Application of TCFD:

Incorporating Physical Climate Change and Extreme Weather Risk into Portfolio Management

This research project builds on the report Factoring Climate Risk into Financial Valuation, to create four new Climate Risk Matrices for new sectors: (a) banking, (b) Property & Casualty (“P&C”) insurance, (c) hydro electricity generation, and (d) wind electricity generation. The goal of the matrices is to allow for climate risk information to be understood and interpreted by investors, enabling them to price risk and ensure the efficient allocation of investment capital.



Climate Risk Assessment


Intact Center on Climate Adaptation, University of Waterloo


Kathryn Bakos and Blair Feltmate