The total derivative notional outstanding for U.S. banks is close to $200 trillion and the top 5 largest banks control ~95% of this systemically important market. However, to date, the climate risk implications of this market have been unexplored. My guests today are experts in climate risk management for financial institutions and the co-authors of a first-of-its kind report on derivatives and climate risk. Jim Scott is Senior Advisor for Financial Institutions Engagement at Ceres Accelerator for Capital Markets, and Blair Bateson is Director, at Ceres Company Network.