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Basel Committee on Banking Supervision - Bank for …

Basel Committee on Banking Supervision Climate-related risk drivers and their transmission channels April 2021 This publication is available on the BIS website ( ). Bank for International Settlements 2021. All rights reserved. Brief excerpts may be reproduced or translated provided the source is stated. ISBN 978-92-9259-472-5 (online) Climate-related risk drivers and their transmission channels iii Contents Glossary .. iv Executive Summary .. 1 1. Introduction .. 3 2. Climate-related risk drivers .. 5 The evolution of climate-related risks .. 5 Physical risk drivers.

Physical risks Economic costs and financial losses resulting from the increasing severity and frequency of: • extreme climate change-related weather events (or extreme weather events) such as heatwaves, landslides, floods, wildfires and storms (ie acute physical risks);

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  Cost, Losses, Wildfires

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