Consider criteria for reducing climate risks

Aufsichtserwartung

With this in mind, institutions are expected to consider the need to adjust their risk policies, for example by setting criteria to identify business areas, including portfolios and investments, that can be supported in gradually reducing climate-related or environmental risks, thus fostering their resilience to transition and/or physical risks.

Adressat: Institutions

Fundstelle: Expectation 7.4

Quelldokument

• Guide on climate-related and environmental risks - Supervisory expectations relating to risk management and disclosure (November 2020)