What are financial firms doing to ensure they are prepared for the effects that climate change can bring? Amid growing political, media and regulatory attention, banks and other firms are coming under increased pressure to show that they understand the scale of the risks that they each face. In this episode, Scott Martin speaks to Damian Hales and Rutang Thanawalla from Deloitte’s FS-Risk Advisory practice about the latest thinking in the financial sector on forecasting the effect of climate change on asset prices, business models and potential liabilities. Tune in now to hear some seriously new ways of thinking about financial sector risk.   Key questions: What are the different types of climate change risks that firms should be assessing now? How is measuring climate risk different compared to measuring financial risk or conduct risk? Which climate change scenarios are the most realistic ones for firms to be assessing? Which regulators are leading the pack in establishing climate change stress tests for financial firms? How can we expect the regulatory framework around climate risk to evolve in the next decade?