On 23 October 2025, the Climate Financial Risk Forum (CFRF), an industry initiative jointly established by the Financial Conduct Authority and Prudential Regulation Authority, issued its latest suite of publications:

  • From Risk to Resilience: Integrating adaptation into finance: The report provides a toolkit to help financial institutions integrate resilience into decision-making across asset classes, sectors, and geographies.
  • Skilling Up: Training available on physical risks of climate change in the financial sector: Financial institutions should identify their specific training needs around physical climate risks and implement plans on how they can be addressed.
  • A Risk Professional’s Guide to Physical Risk Assessments: A GARP Benchmarking Study of 13 Vendors: The document assesses the variability and methodologies of physical risk assessments provided by 13 third-party vendors. It focuses on how physical risks from climate change — such as flooding, cyclones and windstorms — are modelled at the asset level and the extent to which vendor estimates differ.
  • Quantitative Climate Scenario Analysis in Financial Decisions Case Studies: The paper presents a series of case studies quantifying the financial impacts from climate scenarios. They have been authored by financial institutions, academia and data and analytics providers and offer a diverse perspective, as they cover a range of asset classes, geographies, risk types and scenario severity.
  • Developing an approach to nature risk in Financial Services: The second handbook from the CFRF Nature-Related Risk Working Group, focuses on nature-related financial risks and its implications for financial services. It provides practical guidance for banks, insurers, and asset managers to understand, assess, and manage nature-related risks alongside climate risks.
  • 2025 Online Climate Scenario Narrative Tool: An interactive tool generating a summary of climate-related risks and opportunities for firms based on business activities models, products, risks of the firm. Uses data from scenarios by the Central Banks and Supervisors Network for Greening the Financial System.

The FCA noted on its updated webpage that while FCA and PRA facilitate CFRF discussions, the views in these publications don’t necessarily represent the views of the regulators and are not regulatory guidance.