Items tagged with "Climate risk"

RBI Proposes Climate Risk Disclosure Framework

The Reserve Bank of India (RBI) has introduced a draft climate risk disclosure framework. Aimed at bolstering the resilience of regulated entities, the framework underscores the growing imperative for robust risk management in the face of climate change challenges – which are expected to have significant impact on reporting entities and pose financial stability risks.

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IASB initiates project to enhance reporting of climate-related risk in financial statements

Following last week’s publication of EFRAG’s research conclusions on the status of climate-related risk reporting in financial statements, the International Accounting Standards Board (IASB) has announced next steps to follow up on recommendations.

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FSB Continues Progress on Climate-Related Financial Risks

In July 2021 the Financial Stability Board (FSB) released a comprehensive Roadmap, which aims to strengthen risk management practices and enhance financial system resilience to climate-related risks. It outlined key actions to be taken in four areas: firm-level disclosures, data, vulnerabilities analysis, and regulatory practices.

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ISSB considers phased approach to sustainability reporting with climate taking centre stage

While we wait for the much-anticipated initial two standards from the International Sustainability Standards Board (ISSB), set to be released in Q2 2023, the board is considering additional transitional relief to support companies who will be implementing Standards S1 and S2.

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IASB launches climate-related risk project

The International Accounting Standards Board (IASB) has started a new project exploring how climate-related risk can be better outlined in financial statements.

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In the absence of standards, machine-learning reveals climate risks

The Bank of England is undertaking research into voluntary climate-related disclosures of UK financial institutions via machine learning. The research aims to understand asymmetries between firms and investors, look at how disclosure practices differ across firms, and to shed light on the decision of whether to make climate-related reporting mandatory.

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FSB weighs in on climate reporting; G20 encourages consistency

The Financial Stability Board (FSB) has published a final report on supervisory and regulatory approaches to climate-related risks.

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High-quality data to navigate stormy seas

“The target for many of you is to achieve superior risk adjusted returns. For this you need reliable data and decision-making tools that allow you to incorporate emerging risks and opportunities into your portfolio allocation and risk management early on,” says Klaas Knot, Chair of the Financial Stability Board (FSB), in recent remarks to institutional investors.

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FSB consults on supervisory and regulatory approaches to climate risk

In an interim report just issued for consultation, the Financial Stability Board (FSB) aims to assist supervisory and regulatory authorities in developing their approaches to monitoring, managing and mitigating stability risks arising from climate change, and to promote consistency across sectors and jurisdictions.

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US insurers to disclose climate risks

The US National Association of Insurance Commissioners (NAIC) has announced a new framework requiring insurance companies to report their climate-related risks, in alignment with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).

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