This article explores the emerging field of environmental finance, focusing on risk assessment and financial products. It discusses the importance of environmental management in creating shareholder value, tools for risk transfer, and the response of the financial services sector to environmental issues. The chapters cover topics such as banking, insurance, investments, climate change, and environmental reporting. Key findings include the impact of climate change on financial vulnerability, the relationship between environmental and financial performance, and the evolution of screening for social and environmental responsibility in investments.