We know that climate change is real. It presents real risks to our survival as a species, as well as to the ecosystems that surround us. It also presents risks to the financial sector. There are risks currently of stranded assets, as business models change, as we adapt to a world where we need to take action. We are exposed to risks of sea-level rise. We are exposed to physical risks. There are risks, currently, to our supply chains, and our goods and services in the future will have to travel through low-carbon and more resilient routes. 