The committee welcomed Krish Kistnassamy (Hymans), who shared insights on the forthcoming PRA review of SS3/19, highlighting expectations for firms to develop their own climate risk perspectives and consider how business models may evolve, including potential transition tipping points. Members reflected on feedback from the recent transition planning webinar and agreed to explore further work on climate transition and tipping-point scenarios, aligned with plans to re-engage the Leeds University project on second-order impacts. Other agenda items, including climate litigation updates, were deferred to a future meeting.