The magnitude of environmental, social, and governance (ESG) risks, like climate change, is prompting transformation across all economic and political sectors, including insurance and banking. This panel will explore how financial institutions are integrating ESG into their frameworks, employing innovative strategies to manage these risks, and leveraging tools like risk modeling and rating for financial resilience. Our discussion will navigate the intersections of climate risk, sustainable finance, and the future of global markets, and offer insights into a new era of financial resilience and sustainability guided by ESG principles.