Circular 2022 status not recorded
CBK Circular No. (2/BS, IBS/500/2022) to All Local Banks regarding Sustainable Finance
Issued by Central Bank of Kuwait
Plain-English summary
Dated 16 November 2022. Directs local banks to embed ESG factors in governance and risk management, identify and measure climate-related risks in the ICAAP, and report annually on sustainability. It sets no implementation deadline.
Who it applies to
Banking
Topics
Prudential & Capital ESG & Climate Risk
Obligations arising from this law or regulation
| Obligation | Timing | Regulator | Source | Detail |
|---|---|---|---|---|
| Annual sustainability reporting by local banks | Frequency Annually | CBK | official | |
Point 11 of the circular directs local banks to publish a sustainability report or dedicated section in the annual report on their website each year. Point 12 directs climate-related risks to be identified, measured and reflected in the ICAAP. The circular gives no deadline. |
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| No obligations match these filters. | ||||
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