In this follow up blog, we look at the challenges public sector organisations can face when implementing TCFD recommendations. We focus on scenario analysis as it can be a complex aspect of the recommendations.
As we in the Government Actuary's Department are preparing to produce climate-related financial disclosures for the first time, this blog post is the first in a series that will explore the adoption of TCFD recommendations in the public sector.
In this blog we look at the impact of global climate change. In 2022 we saw devastating floods impacting an estimated 33 million people in Pakistan, wildfires causing destruction across Europe, and temperatures in the UK reaching more than 40°C.
At the Government Actuary's Department, we deal with a huge volume of data every day. Handling large datasets brings both opportunities and challenges. Learn more about our experiences in this blog.