Publication

The financial services sector has a critical role to play in addressing climate change by directing investment toward sustainable energy, resilient infrastructure, and climate innovation. Yet progress is stalling due to political headwinds, sector-specific challenges, and limited global emissions reductions. As the window for achieving the 1.5°C target narrows, the urgency of financing climate adaptation and resilience is becoming increasingly clear.

To help address this challenge, the High Meadows Institute, in collaboration with Tapestry Networks, is exploring the creation of a Financial Sector Roundtable on Climate Adaptation and Resilience. Designed as a Chatham House Rules forum, the roundtable would provide a trusted space for senior leaders across the financial sector to engage in candid dialogue about the challenges of the climate transition and to advance practical strategies to increase investment and institutional support in this critical area.

As part of this exploratory effort, High Meadows and Tapestry are conducting a series of conversations with leaders from banking, insurance, asset management, private equity, and other segments of the financial services industry. Two recent convenings—held in London on April 9 and virtually on May 8— brought together participants to explore how adaptation and resilience intersect with climate risk management, the barriers limiting financing in these areas, and the steps required to unlock greater capital flows.