IDEAS home Printed from https://ideas.repec.org/a/bla/acctfi/v65y2025i2p1908-1931.html
   My bibliography  Save this article

Storylines: A science‐based method for assessing and measuring future physical climate‐related financial risk

Author

Listed:
  • Tanya Fiedler
  • Nick Wood
  • Michael R Grose
  • Andy J Pitman

Abstract

Regulators increasingly require organisations to disclose their climate‐related financial risks. Most future physical climate risks present unique challenges, however, as their likely occurrence and consequence cannot be quantified with veracity at business‐relevant scales. Quantitative measurement thus renders preparers vulnerable to false precision, maladaptation, and litigation. We present an alternative method for assessing future physical climate‐related financial risk developed in the climate sciences, namely “storylines” (Shepherd et al., 2018). Storylines emphasise plausibility over probability, illustrate legally defensible and auditable futures, and allow the full expression of uncertainty. We conclude with recommendations and implications for integrating storylines into existing standards, frameworks and practice.

Suggested Citation

  • Tanya Fiedler & Nick Wood & Michael R Grose & Andy J Pitman, 2025. "Storylines: A science‐based method for assessing and measuring future physical climate‐related financial risk," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 65(2), pages 1908-1931, June.
    • Handle: RePEc:bla:acctfi:v:65:y:2025:i:2:p:1908-1931
    DOI: 10.1111/acfi.13295
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/acfi.13295
    Download Restriction: no
    File URL: https://libkey.io/10.1111/acfi.13295?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:acctfi:v:65:y:2025:i:2:p:1908-1931. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/aaanzea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.