{"title":"The climate-related financial risks measurement methodologies: Advances, challenges, and frontiers","authors":"Annarita Trotta , Fabio Piluso , Eugenia Strano , Danilo Ceraso","doi":"10.1016/j.ribaf.2025.103054","DOIUrl":null,"url":null,"abstract":"<div><div>In recent years, the academic and policy community has been paying more attention to climate-related financial risks as a result of the recognition of climate change as a major source of risk for the financial system. Nevertheless, the measurement methodologies of climate-related financial risks still have significant gaps. This article provides an overview of the methods and approaches currently available for measuring climate-related financial risks, with the aim of pointing out their advantages and disadvantages as well as the progress made in the field. Furthermore, the study results shed new light on existing knowledge, contributing to the emerging literature on the measurement of climate-related financial risks, with implications for scholars, practitioners, policy-makers, and standard setters.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"79 ","pages":"Article 103054"},"PeriodicalIF":6.9000,"publicationDate":"2025-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Research in International Business and Finance","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0275531925003101","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
In recent years, the academic and policy community has been paying more attention to climate-related financial risks as a result of the recognition of climate change as a major source of risk for the financial system. Nevertheless, the measurement methodologies of climate-related financial risks still have significant gaps. This article provides an overview of the methods and approaches currently available for measuring climate-related financial risks, with the aim of pointing out their advantages and disadvantages as well as the progress made in the field. Furthermore, the study results shed new light on existing knowledge, contributing to the emerging literature on the measurement of climate-related financial risks, with implications for scholars, practitioners, policy-makers, and standard setters.
期刊介绍:
Research in International Business and Finance (RIBAF) seeks to consolidate its position as a premier scholarly vehicle of academic finance. The Journal publishes high quality, insightful, well-written papers that explore current and new issues in international finance. Papers that foster dialogue, innovation, and intellectual risk-taking in financial studies; as well as shed light on the interaction between finance and broader societal concerns are particularly appreciated. The Journal welcomes submissions that seek to expand the boundaries of academic finance and otherwise challenge the discipline. Papers studying finance using a variety of methodologies; as well as interdisciplinary studies will be considered for publication. Papers that examine topical issues using extensive international data sets are welcome. Single-country studies can also be considered for publication provided that they develop novel methodological and theoretical approaches or fall within the Journal''s priority themes. It is especially important that single-country studies communicate to the reader why the particular chosen country is especially relevant to the issue being investigated. [...] The scope of topics that are most interesting to RIBAF readers include the following: -Financial markets and institutions -Financial practices and sustainability -The impact of national culture on finance -The impact of formal and informal institutions on finance -Privatizations, public financing, and nonprofit issues in finance -Interdisciplinary financial studies -Finance and international development -International financial crises and regulation -Financialization studies -International financial integration and architecture -Behavioral aspects in finance -Consumer finance -Methodologies and conceptualization issues related to finance