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COP30 Side Event] Promoting Adaptation Measures and Addressing Climate Risks

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Name Affiliation Title Kotaro Taniguchi Counselor and Deputy General Manager, Sustainability Promotion Office, Planning Department

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Date: November 19, 2025

Organized by Mainstreaming Climate in Financial Institutions, African Financial Alliance on Climate Change

Name of venue (pavilion name): International Development Finance Club (IDFC) Pavilion

speaker

Name Affiliation Title Remco Fischer United Nations Environment Programme Finance Initiative (UNEP-FI) Climate Lead Frank Nyabundege Agricultural Development Bank of Tanzania Managing Director Kotaro Taniguchi Sustainability Promotion Office, Planning Department JICA Counselor and Deputy Director Isoline Precosta Maria Moreno Cordova Principle Executive, Latin American Development Bank (CAF) Peter Hiliguez Chief Climate Officer, German Finance Corporation for Reconstruction Finance (KfW) Peter Hilliges Chief Climate Officer, German Reconstruction Finance Corporation (KfW) Toufik Boudeaf Head of Climate Adaptation, Credit Agricole Stuart Cannon Climate Change Group Manager, Private Infrastructure Development Group (PIDG)

Background and Objectives

As climate risks emerge and the importance of financing for resilience grows, financial institutions need to learn from each other’s practices. This seminar will highlight the latest findings on climate risk management relevant to financial institutions and share experiences in working together to better manage climate risks. This will enable financial institutions to contribute more effectively to global climate risk management and public development banks to better deploy support to improve the resilience of local economies.

Contents

At the outset, UNEP-FI introduced the comprehensive guidance released in July of this year to help banks monitor physical climate risks and leverage adaptation and resilience as business opportunities.

The Tanzania Agricultural Development Bank and JICA then shared their experiences in climate risk management, respectively. Of these, JICA shared its methods of climate risk assessment and lessons learned and challenges at the deal formation stage, in line with the guidance “Climate Change Action Support Tools” (JICA Climate-FIT) developed in line with the concept of risk in the IPCC Assessment Report.

Each financial institution then shared their institution’s experience with adaptation measures in light of climate risks.

Photo 1: Group photo of speakers

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