Intellecap With Shakti Foundation Brings Out A Report On Climate Risk Mainstreaming – Approaches For Indian Financial Institution

India alone lost over USD 80 billion in economic losses over two decades (2000-2019) due to climate change. According to estimates, climate change could cost businesses and investors across the world over USD 1.2 trillion over the next 15 years.there is a growing realization that the community including businesses and investors need to be more proactive in incorporating climate risk considerations in their operations along with Government which need to include climate change resilience initiatives in its policies. This initiative aims to map the understanding of financial institutions in India on climate risk mainstreaming requirements as well as implementation strategies.