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  • KomPass: Article from 28.11.2023 | Last changed: 18.11.2025

    FiW-R-2: Awareness of physical climate risks among financial services

    The picture shows the arms and hands of two formally dressed individuals sitting at a desk. There is a laptop on the desk, and there are documents which show various charts and sticky notes. Both individuals are holding ballpoint pens which they use to point to the same line chart.

    … FiW-R-2: Awareness of physical climate risks among financial services Financial services providers have to assess the risks associated … of climate change, it is enormously important for the stability of the finance system that financial services providers have a realistic perception of the climate …

  • KomPass: Article from 28.11.2023 | Last changed: 30.09.2024

    Cluster Financial services industry

    The picture shows a man sitting at a desk holding a ballpoint pen between his fingers while operating a pocket calculator. There are several documents on the desk; it is just possible to make out the fuzzy image of some charts.

    … Cluster Financial services industry Financial services industry Source: Jirapong / … transformation process which can succeed only provided it is based on a stable financial system. This must be based on well-functioning risk management which is resilient in …

  • KomPass: Article from 28.11.2023 | Last changed: 18.11.2025

    Effects chain – Example presentation from the ‘financial' action field

    … Effects chain – Example presentation from the ‘financial' action field 2023 … changes in climatic conditions can have major impacts on the business activities of financial services providers. Underwriters, in particular, incur high demands for …

  • KomPass: Area of action adaptation from 11.01.2022 | Last changed: 08.01.2026

    Adaptation: Field of action finance and insurance sector

    Macro photo of a European cent coin

    … be assessed and appropriate premiums to be set. Various climate change information systems provide region-specific data. These can help to improve the assessment of … claims. Another possibility for the insurance industry is the development of new financial market products that spread climate risks of policyholders such as …

  • KomPass: Article from 20.09.2019 | Last changed: 22.10.2019

    GoApply

    … project: GoApply succeeded in improving the understanding of adaptation governance systems & critical enhancement needs in Alpine countries, in strengthening … be strengthened if the higher levels offer a framework for action with legislation, financial promotion and information. Furthermore, we strongly contributed to …

  • KomPass: Article from 28.11.2023 | Last changed: 17.12.2024

    IG-R-1: Perception of the relevance of physical climate risks in trade and

    The picture shows a woman and a man in an office sitting at a meeting table. The two formally dressed individuals are each holding a document while exchanging views. There is a glass of water on the meeting table; a plant is visible in the background. The room is illuminated by sunlight shining in.

    … make a useful contribution to these endeavours. Since the middle of the 2010s, the ‘Financial Stability Board’ (FSB) has been working for the G20. The FSB has set up … economic activities. Associated with this is also the requirement to carry out a systematic climate risk and vulnerability analysis relating to these economic …

  • KomPass: Article from 26.04.2023 | Last changed: 26.04.2023

    Climate Risk Analysis and Adaptation in Companies

    Pipelines on a factory site

    … how they are managed. IFRS Sustainability Disclosure Standards The International Financial Reporting Standards Foundation (IFRS), whose standards contribute to the … report in accordance with the EU taxonomy . The EU taxonomy is a classification system regulated by law that uses requirements to determine whether certain economic …

  • KomPass: Article from 28.11.2023 | Last changed: 18.11.2025

    Effects chain – Example presentation from the ‘woodland and forestry’ act

    … transformation measures. Adaptations – activities and results   Reponse: FW-R-1 Financial support for forest transformation Response: FW-R-1 Financial support for forest transformation Source: mitifoto / stock.adobe.com The … been required for implementing forest transformation measures. …   Reponse: FW-R-1 Financial support for forest transformation … The transformation of forests by …

  • KomPass: Area of action adaptation from 15.07.2022 | Last changed: 08.01.2026

    Adaptation: Field of Action Forestry

    Stack of wood logs

    … water supply. Irrigation as an acute technological measure (e.g. with sprinkler systems) to limit drought stress, as on agricultural land, is not very practical, is … the biological diversity of the forest in the long term. Such forest conversion is financially supported by the EU, federal and state governments. Thus, an average of …

  • KomPass: Area of action adaptation from 06.01.2023 | Last changed: 18.12.2025

    Adaptation: Field of Action Tourism

    Beach chairs at the Baltic Sea

    … ski areas to higher altitudes is associated with high costs. In addition, ecosystems at higher altitudes are particularly sensitive. Here, there may be … the acceptance of artificial snow and alternative offers, operational practices and financial instruments to a diversification of tourism offers. The acceptance of …