Climate Risk Horizons

📢 We're #hiring!  Climate Risk Horizons is looking for #researchers to join its Energy team! 📍 Remote 🗓️ 24 January 2025 ✅ Read the Job Description here: https://lnkd.in/gbV5GfhP 📧 To apply, please send your CV and Cover Letter (in one file) to contact@climateriskhorizons.com #nowhiring #applynow #energyjobs #greenjobs Ashish Fernandes

#hiring alert 📢 Climate Risk Horizons is looking for researchers to join its Energy team! We're #hiring for two roles: 💡 Research Analyst for Heavy Industry   💡Research Analyst for Information Technology Please find more details in the Job Description. 🗓️ Apply before 𝟮𝟰 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟮𝟬𝟮𝟱 #nowhiring #remotejobs #applynow

📉  𝗗𝗼𝗲𝘀 𝘆𝗼𝘂𝗿 𝗯𝗮𝗻𝗸 𝗽𝗿𝗶𝗼𝗿𝗶𝘁𝗶𝘀𝗲 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 𝗰𝗵𝗮𝗻𝗴𝗲? 𝗗𝗶𝘃𝗲 𝗶𝗻𝘁𝗼 𝘁𝗵𝗲 𝗱𝗮𝘁𝗮! In the latest edition of Climate Risk Horizons’ report examining climate-preparedness in India's #banking sector, we assess 35 banks on their efforts to address #climate risks. We find that despite progress in some areas, most Indian banks still lack comprehensive climate strategies, adequate green finance portfolios, and fail to integrate climate risks in their credit and lending decisions.  💡 Explore Climate Risk Horizons' interactive data dashboard- it helps you analyse how different banks perform on this assessment and equips stakeholders with the data and insights necessary to drive decisions that can accelerate the clean energy transition. 🔖 Check out the Data Dashboard at https://lnkd.in/g8KMRKvU 🔖 Read the full report at https://lnkd.in/gKx2gCAM Sri Vishnu Teja J Sagar Asapur Anusha Das

📢#podcast Listen to the latest episode of Radically Sustainable, a podcast series by Godrej Industries Group, where Ashish Fernandes speaks to Gayatri Divecha about the important role #banks play in climate-preparedness. This conversation dives into what Indian banks must be doing not only to drive India's energy transition but also to assess the climate risks they face from their current portfolios. The insights shared are based on Climate Risk Horizons' latest report on the state of climate-preparedness among India's leading banks. This analysis ranks 35 Indian banks on ten criteria including a Coal Exclusion Policy, Emissions Disclosure, Climate scenario analysis and Net Zero Targets. "𝘌𝘷𝘦𝘳𝘺 𝘴𝘪𝘯𝘨𝘭𝘦 𝘣𝘢𝘯𝘬 𝘯𝘦𝘦𝘥𝘴 𝘵𝘰 𝘣𝘦 𝘴𝘵𝘦𝘱𝘱𝘪𝘯𝘨 𝘶𝘱 𝘲𝘶𝘪𝘵𝘦 𝘮𝘢𝘴𝘴𝘪𝘷𝘦𝘭𝘺 𝘵𝘩𝘦𝘪𝘳 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘯𝘨 𝘧𝘰𝘳 𝘳𝘦𝘯𝘦𝘸𝘢𝘣𝘭𝘦𝘴, 𝘧𝘰𝘳 𝘴𝘵𝘰𝘳𝘢𝘨𝘦 𝘱𝘳𝘰𝘫𝘦𝘤𝘵𝘴, 𝘧𝘰𝘳 𝘦𝘭𝘦𝘤𝘵𝘳𝘪𝘤 𝘷𝘦𝘩𝘪𝘤𝘭𝘦𝘴, 𝘧𝘰𝘳 𝘱𝘶𝘣𝘭𝘪𝘤 𝘵𝘳𝘢𝘯𝘴𝘱𝘰𝘳𝘵 𝘢𝘯𝘥 𝘢𝘭𝘭 𝘰𝘧 𝘵𝘩𝘰𝘴𝘦 𝘵𝘩𝘪𝘯𝘨𝘴 𝘵𝘩𝘢𝘵 𝘤𝘢𝘯 𝘢𝘤𝘵𝘶𝘢𝘭𝘭𝘺 𝘩𝘦𝘭𝘱 𝘶𝘴 𝘮𝘦𝘦𝘵 𝘰𝘶𝘳 𝘤𝘭𝘪𝘮𝘢𝘵𝘦 𝘨𝘰𝘢𝘭𝘴." 🔖 Listen to the full podcast on Spotify: https://lnkd.in/gJhcN3qq 🔖Read Climate Risk Horizons' full report at https://lnkd.in/gKx2gCAM Sagar Asapur Anusha Das

The “Unprepared” report by Climate Risk Horizons (CRH) evaluates India’s largest scheduled commercial banks by market capitalisation on the Bombay Stock Exchange (BSE). 1. Of the 35 banks assessed, only a handful have made progress in areas like emissions disclosure & climate risk management, the majority remain inadequately prepared. 2. Only two banks—Federal Bank & RBL Bank—stand out with explicit coal exclusion policies. Meanwhile, many others continue financing high-carbon projects, prolonging dependence on fossil fuels. 3. Despite growing global attention to climate risks, most Indian banks lack comprehensive climate strategies, sufficient green finance portfolios, integration of climate risks into credit & lending decisions 4. On the positive side, some banks are exploring tools such as climate stress testing and scenario planning, but much more needs to be done to mainstream these practices. Read more -https://lnkd.in/gKx2gCAM #climatefinance #bank #india #climaterisk

📢 The 2024 edition of Climate Risk Horizons’ report examining climate preparedness among India’s major banks is now out! The worsening impacts of climate change have major implications for the stability and resilience of the Indian banking system, making climate a very real and tangible risk for #banks. The last edition of this annual assessment revealed that Indian banks were mostly unprepared to confront climate risks. This edition of the analysis ranks 35 Indian banks on ten criteria. We find that despite progress in some areas, most Indian banks still lack comprehensive #climate strategies, adequate #green finance portfolios, and integration of climate risks in their credit and lending decisions. Key Findings: 💡𝗘𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀 𝗱𝗶𝘀𝗰𝗹𝗼𝘀𝘂𝗿𝗲: Only 8 out of 35 assessed banks disclose all 3 scope emissions along with measurement details. This is an improvement, given that 2 years back only 6 banks disclosed all 3 scope emissions. 💡𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝗼𝗻 𝗣𝗼𝗹𝗶𝗰𝗶𝗲𝘀: Many banks continue to support #coal as evident from a lack of coal exclusion policies. RBL Bank and Federal Bank are the only banks that have a coal exclusion policy and have committed to stop financing coal projects by 2030 and 2033 respectively.  💡𝗙𝗶𝗻𝗮𝗻𝗰𝗲𝗱 𝗘𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀: Only 3 banks-YES BANK, HDFC Bank (a pilot study), and Punjab National Bank disclosed the amount of emissions they directly financed, with most other banks still developing processes for measurement. 💡𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗦𝗰𝗲𝗻𝗮𝗿𝗶𝗼 𝗔𝗻𝗮𝗹𝘆𝘀𝗲𝘀: We find a growing awareness of climate risk assessments; 13 banks have initiated climate scenario analyses, and 2 have conducted climate stress tests with detailed disclosures. This is an improvement from the previous year when no bank was doing this. 💡𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲: While 14 out of 35 banks disclose #sustainable financing initiatives, a crucial gap exists – a lack of comprehensive green financing activity list and the total amount financed being broken down by asset classes, hindering clear comparisons. There’s an urgent need for Reserve Bank of India (RBI) to provide detailed guidelines on climate risk assessment, disclosure, and management. The RBI should align its upcoming Climate Scenario Guidelines and Draft Disclosure Framework on Climate-related Financial Risks, 2024 with the Ministry of Finance's 'Climate Finance Taxonomy,' announced in Union Budget 2024-25, to enhance green capital allocation and strengthen banks' climate risk management. Government support for green finance in the form of government backed guarantees, subsidies, and tax incentives is crucial to mitigate lending risks for green projects. This report has also organised the RBI’s draft disclosure framework into a simplified, actionable structure that banks can use to strengthen their disclosures on climate-related financial risks. Read the full report at https://lnkd.in/gKx2gCAM Anusha Das Sagar Asapur

#blog 📢 As global carbon markets evolve, India stands out, contributing 17% of global #carbon credits in 2023. India's voluntary carbon market holds immense potential to grow, but is riddled with systemic flaws that threaten to derail any progress the market might make in helping address the #climate crisis. Read Climate Risk Horizons' latest blog by Ritaj Kalaskar and Sagar Asapur, where they delve into the major challenges plaguing India's carbon market such as ✅ weak safeguards ✅ double counting ✅inequitable benefit sharing in agricultural carbon projects https://lnkd.in/gdZCYvAy #carbonmarkets #carboncredits #climateaction Carbon Check (India) Private Limited Bureau of Energy Efficiency BloombergNEF auctusESG The Integrity Council for the Voluntary Carbon Market (ICVCM) Taskforce on Scaling Voluntary Carbon Markets Global Council for the Voluntary Carbon Market  (GCVCM)

#blog 📢 Read our latest blog post by Sagar Asapur on the escalating #climate risks confronting India's #hydropower sector. Unpredictable rainfall patterns, coupled with escalating natural hazards like flash floods, have battered the infrastructure of hydropower plants, raising concerns about the sector’s viability in an era of #climate disruption. This is evident from the fact that India's #hydropower output plunged by 22% in the fiscal year ending March 2024. In this article, Sagar Asapur outlines the urgent steps India must take to safeguard its #hydropower future: ✅ Avoid high-risk areas ✅ Update design standards with advanced climate science ✅ Diversify financial models with PPPs, green bonds, and climate insurance Read the full article at https://lnkd.in/gZTrpbax #hydropower #climaterisk #latestblog

💡 Did you know that India's #industrial sector consumes more than half of India's total #energy but most large corporations meet only 6% of their energy needs from #renewable sources. Listen to Ashish Fernandes share insights on corporate #decarbonisation for the Cambridge Institute for Sustainability Leadership (CISL)'s “Robust Laws for #MoreRenewables” campaign. His insights draw from Climate Risk Horizons' recent report, Slow to Switch, which examines the state of corporate #decarbonisation among India's largest corporates. Read Climate Risk Horizons' full report at https://lnkd.in/gJEP-asG Check out more about the #MoreRenewables campaign here: https://lnkd.in/eNpg_CPc Sri Vishnu Teja J

💡 Have you read our latest report on the climate-induced #disaster risks confronting #hydropower infrastructure in #Uttarakhand? Through an analysis of indicators like climate impacts, stressors, and human and geophysical parameters, we identify the most #vulnerable river basins in the region. We also estimate the #financial implications of such extreme weather events on #hydropower infrastructure, and our analysis showed that the initial project cost of the NTPC Tapovan Vishnugad Hydro Power Plant more than doubled due to the 2021 flash floods in Chamoli. Read full report at https://lnkd.in/gitpRtbN Sagar Asapur Ajay Katuri https://lnkd.in/gtbeCayQ