On 17 June 2021, the Bank of England (BoE) issued its second annual climate disclosure report setting out its approach to managing risks from climate change across its operations. In particular the report covers the BoE’s climate change strategy, the governance structures and processes around its climate-related work, and the measurement and management of climate-related risks across its physical and financial operations. For the first time, the report includes scenario analysis drawing on the latest data and modelling techniques to estimate the financial impact of climate-related risks associated with the BoE’s financial asset portfolios. In addition, the report includes preliminary analysis of the emissions impact of staff working remotely during 2020.