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Article
Why Banks Can’t Afford to Wait for Historical Proof of Climate Risk
Cutting-edge flood modelling shows why historical data alone can’t prepare financial systems for climate-driven catastrophe.
Jul 01, 2025
Thea Holland, Conference Producer, Center for Financial Professionals
Tags:
Stress Testing
ESG and Climate Risk
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization
- Traditional flood models relying on historical data no longer reflect today’s climate extremes
- 2023’s
record-breaking disasters highlighted the urgency of forward-looking hazard
models
- Advanced
terrain modeling and machine learning now support global flood risk assessments
- Internal
climate variability and climate change add uncertainty that must be quantified
- Ensemble
modeling integrates future projections into actionable risk metrics
- Global
catastrophe models simulate 10,000 years of potential flood events
- Financial
institutions can now access flood loss data without needing specialist systems
- Tools
support regulatory reporting, credit risk, and strategic climate planning
- Coastal and
inland flood risks are projected to rise under all emissions scenarios
- Scientific
transparency and model accessibility are crucial for climate resilience
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