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Ceres to host discussion on climate risks in the derivatives market

Ceres will host a live virtual discussion on the first-of-its-kind report, Derivatives and Bank Climate Risk, which analyzes the largely unexplored climate risks and opportunities in the derivatives market. In this webinar, Ceres experts will make the case that derivatives should be at least as important for banks to address as investment banking. Given that the derivatives market is $600 trillion in size, accounts for more than 10% of the revenue of the largest banks, and is highly interconnected to the rest of the financial system, it is a proverbial “elephant in the room” when it comes to banks’ climate strategies. This webinar is open to the media.

In this webinar, attendees will:

  • Identify the findings of Ceres’ recent report on the climate risk and impact of banks’ derivative portfolios.
  • Interpret the recommendations Ceres has for banks and how these tie into previous banking reports.
  • Discover how derivatives should fit into banks’ target-setting and carbon accounting calculations.

WHAT: Webinar: Derivatives and Bank Climate Risk Report

WHO: 

  • Jim Scott, Senior Advisor, Financial Institutions Engagement, Ceres Accelerator for Sustainable Capital Markets, Ceres
  • Blair Bateson, Director, Company Network, Ceres

WHEN: 11:00 am – 12:00 pm (ET), Friday, November 4

WHERE: Click here to register for the webinar. Contact Reginald Zimmerman (rzimmerman@ceres.org) for media inquiries.

Ceres

Ceres is a nonprofit organization working with the most influential capital market leaders to solve the world’s greatest sustainability challenges. The Ceres Accelerator for Sustainable Capital Markets is a center of excellence within Ceres that aims to transform the practices and policies that govern capital markets to reduce the worst financial impacts of the climate crisis. It spurs action on climate change as a systemic financial risk—driving the large-scale behavior and systems change needed to achieve a net zero emissions economy through key financial actors including investors, banks, and insurers. The Ceres Accelerator also works with corporate boards of directors on improving governance of climate change and other sustainability issues. For more information, visit ceres.org and ceres.org/accelerator and follow @CeresNews.

Contact

99 Chauncy St. 6th Floor
Boston, MA 02111
617-247-0700 ext. 136
rzimmerman@ceres.org

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