This paper, “Scenario Analysis for Systemic Climate Risk” by Ortec Finance and CFA (Climate Finance Advisors), highlights the importance of taking systemic, macroeconomic climate-related risks and opportunities into account when making strategic investment decisions. The paper also explores how investors are able to act on insights gained from such analysis. Four types of institutional investors are examined in this paper, each of which has slightly different ALM and SAA strategies given how they invest, their overall risk appetites, and investment horizons.