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The rising threat of climate risks to UK banking

If banks want to invest in their future and prepare for the long-term impact of climate change, identifying physical risks that will come with this will need to take priority.
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The rising threat of climate risks to UK banking

This year began with a sharp reminder of the devastating impact that flooding can have on land and infrastructure in the UK.

It came in the form of Storm Christoph, a slow-moving Atlantic depression that brought torrential rain and blizzard conditions to large parts of the country. Hundreds of properties were damaged as several months’ worth of rain fell in a matter of days, with the UK Meteorological Office issuing a series of red and amber warnings.

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