This report provides an overview of conceptual issues related to climate-related financial risk measurement and methodologies, as well as practical implementation by banks and supervisors. It outlines general issues in measuring climate-related financial risks, takes stock of how banks and supervisors are currently employing or developing methodologies for measuring climate-related financial risks and provides a high-level overview of strengths and weaknesses of the main types of measurement approaches, as well as assessing gaps and challenges in their execution and implementation.