Develop long-term climate risk metrics

Aufsichtserwartung

With respect to climate-related risks, institutions are expected to develop metrics that consider the long-term nature of climate change, particularly how different paths of temperature and greenhouse gas (GHG) emissions may accentuate existing risks. These metrics are expected to support the institution’s ability to respond to a sudden transition towards a low-carbon economy or a physical event impacting its operations or lending portfolios and to implement mitigating actions on a timely basis.

Adressat: institutions

Quelldokument

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